Let's start with #BTC.

1. We have two global short zones, labeled "1" and "2" for convenience. Pay attention to how zone "1" formed at the 80600.0 mark, and how zone "2" formed at the 59800.0 mark. Precisely because of how this zone formed, there are good reasons to believe that zone "2" is potentially invalid, and good reasons that this range will look like consolidation — but that will happen only if we do not get a clear long structure. In other words, price must close above zone "2".

2.The volume profile can also be a clue, so we are positioned long up to the 66,900 mark, and locally we will look for positions within that range."

For #ETH, the situation is exactly the same as for BTC, but the zones are formed more technically.

We will look for long positions up to the volume peak zone of 1923.70 at a minimum.

For #BTC:

There was a local consolidation with clear boundaries — we went long. There is a good price gap in fair value. We will locally look for short positions in the corrective move.

For #ETH:

There is also a fair value gap. We will locally look for short positions.

Be careful. If assets rise without correction, they will fall just as hard.

I really hate such markets because they only cause FOMO, and we may not see a proper entry point.

I will close today at +$8,315.59 and simply observe the market.