No Man’s Land for Bitcoin

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Today was called Liberation Day in the U.S.

It’s funny how there’s always a headline everyone is waiting to react to.

I treat these as nothing more than volatility events.

Meanwhile, U.S. equities continue to struggle. 

The bulls haven’t been able to make a comeback.

In crypto land, it’s just as messy.

If there’s one chart that tells the story, it’s this one.

This is what we call "No Man’s Land."

Nothing changes until we’re out of this range.

I'm not interested in owning Bitcoin as long as it’s trapped in this box.

I would rather wait for a decisive breakout above $91,000, or buy weakness towards the lower ends around $73,000.

That could happen overnight, but until it does, I’m on the sidelines.

Those are the two levels I'm watching for conviction and risk management.

Patience pays in this environment.

While we’re stuck here, expect a lot of chop.

Alfonso

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