TradeLogs - Global 🌐

📊 BTCUSD 1D: Waiting for open interest to be fully wiped out before looking for long entries. Although we believe it will take another 2–3 months for BTC to bottom out, we will look for 10–15% moves to trade until then. These will be short-term positions only, not long-term. Keep patience.

📜Closed the spot BTC position from 66k at 3.6% loss.

📊 BTC 2H (CME): 78500 CME gap, weakly close was good BTC could chase that level. We have a spot BTC buy position from 66k. Still it is below previous important support so be cautious with leveraged positions.

📊 $BTC 4H: Consolidating below support is not a very good thing. Still staying sidelined. We don't expect much of a bullish move before September-October, so the next few months are going to be dull like this, IMO.

📜👆🏻Market Update: Bitcoin will probably bottom out in next 5–6 months. Markets are usually very volatile and choppy during a bottoming phase, so be patient and trade cautiously. If we start seeing bad news and FUD, that could be a sign that we're getting close to the bottom. It's been a long time since this market experienced any significant negative news, so let's see what the next 5–6 months bring. Our main goal should be to protect our capital and focus on low-risk trades during the next 5–6 months. No major trades for now.

📊 $BTC 1D: That open interest needs to be completely wiped out before we think about taking new long entries. Around $1 billion in positions still needs to be closed or liquidated. We'll wait until then.

📜 👆 Breakout failed, 65k done. All gaps are also filled. 20% dump but didn't wipe out the open interest much. So still staying sidelined, if we see a good price action here at 65-67k area then we will long again.

📊 BTC (CME): Gap at 70k and 67k and 78k, most likely it will fill that 67k gap then go up to 78k. If 66k support breaks then it could trigger a nasty sell off. As I said earlier, our long position was fully closed, so we are staying on the sidelines for a while.

📜👆🏻Closed the remaining long position here at 74564$, Staying side lined now.

📊BTC 1H: If it can breakout from this wedge, 90k is the target. Failed breakout= we go range bottom near 65k area.

📜 👆Still holding this long, stoploss is must at entry. Big move coming soon not sure about the direction but it should be atleast 10-15% move.

📜 Nothing to update, still sticking to the same plan. Summer market is very slow as usual.

📊 BTCUSD 1D: 4.28billion usd positions opened inside this 65k-82k rally. Open interest is really hot right now. Price should do some chopping first to cool down the OI then it can keep pumping, so we decided to stay cautious and closed 50% of our long position yesterday. If we get the expected chop and Open interest cool down a bit after that then we will open another long position for higher targets. For now just holding the remaining long with SL at entry.

📜 👆Decided to fill the second take profit order at current price 81279$, Better not to wait for just some extra 3-4% upside. Holding the remaining 50% long position with stoploss at entry. Open interest is really hot right now so we are just being cautious, not building any short position here yet.

📜 First Take Profit Order Filled ✅

📜 Current Position: We will close 25% of this position near 82200-82500 area and another 25% near 84500 area.

📜👆🏻Those green upside arrows are still printing from last 1 month, although our target is around 84k-85k but we will not bet on the down arrow. If it starts to catch momentum then 90k+ is possible, so we will take some profit near 84k and not shorting near those levels unless we see some bearish price action.

📊 BTC (CME) 1D: Once it fills that 84500 gap, we will book some major part of our position. It could retrace 10-15% from there then chase 95k level, that's the double bottom target. But we should first wait for the gap fill and see how is the price action then we will open another trade for 95k target. For now still waiting for this 84500 gap fill.

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📊 BTC (CME) 4H: Price entered inside the gap, it will be filled if it can hit 84500$