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I’m currently on vacation, so I’m a bit less active than usual. I’ll be back to my normal schedule by the end of the week.
That said, I wanted to provide a quick update. We’ve seen a fairly strong upward move in Bitcoin and other crypto's, even though tensions in the Middle East have not de-escalated.
Because of this, I think it’s important to remain cautious about this pump. Bitcoin has also created a CME gap, which is something to keep in mind.
At this point, I’m not interested in entering a long position. Short positions could be considered, but personally I prefer to wait a bit longer and see how things develop throughout the day.
There’s no need to rush into a new position right now. The market could still push slightly higher before we potentially see another pullback.