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Sherlockās latest $BTC update is one to watch closely. Heās calling out the price action hugging that 1D QVWAP like itās magnetized. Historically, heavy retests here lean bearish, but with macro in play heās not buying the doom. Instead, heās advising:
Entry: Start unwinding shorts into current levels
Exit: Look for strength into/after PPI & FOMC to confirm upside reclaim
Translation: donāt get married to those short bags, itās time to lighten the load.
Weāve got a PPI print dropping at 1:30 PM UK time and FOMC right around the corner. Thatās not background noise, thatās the fuel that either blows $BTC through this range or slams it right back down. Sherlockās read? Risk/reward favors peeling off shorts here rather than pressing the downside gamble.
This isnāt the spot to get caught stubborn. Every bearish retest of the QVWAP screams weakness⦠until it doesnāt. With catalysts lined up, the smarter move is to respect the squeeze risk. Bears overstaying their welcome into FOMC could get sent packing.
Weāll put it bluntly: the real edge is being early on this type of flip, not chasing it after the breakout is obvious.
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ātil next time,
TradingLab