Reasons for short:
BTC looks to be trading in a range potentially.
2 legged move up to key support and resistance area that is also very close to long term trend line paired with the trading range upward move seems completed.
Upward move seems to be losing momentum in recent bars.
Currently trend channel line sits at 60.8k this would still be a favorable R:R ratio in the case that this gets another bounce and we could exit early if we see strong buyer support
Reasons for long:
Could potentially still be too early to enter wait for aditional information break of trendchannel into retest and continuation.
Market is always unpredictable so always manage your risk.
Conclusion
Seems to be a decent trade with many confirmations on shorting using price action however waiting for a failed breakout into retest may have been better and a higher probability setup.
Quote of the day: “A wise man is never less alone than when he is alone.” – The Man
Movie of the day: Wolf of Wall Street (2013)
Song of the day: Lies Lies Lies by Morgan Wallen