cryptodads

BTC

Going long on this and SOL at the track line did not work out.  The short answer to your question is that you could buy a little here, but save most of cash for a potential better entry.  

I see a few possibilities here.

1) Currently retesting the area of May consolidation that occurred before pop to 112K.  This could hold, but it will almost certainly take out the new pocket of longs just below current price first (see the yellow line that has formed on the heatmap).  There are plenty of shorts building up that should eventually get taken out, but as we learned in 2024, this could take several months before it happens.

2) This area fails to hold and price chops down to the bottom of the channel over weeks/months.  I could see the bottom being marked by a wick down to or just below the April close around $93K.  This is an area that I will be VERY excited about longing if we get there.