This is my trade plan, for a long term swing. and short day trades.

Long Term Outlook
Every time the RSI bottomed out Bitcoin was ready for another ramp up to test ATH, we may not get 180k bitcoin in this cycle, but 2-3 cycles in my opinion will get there.
Assuming the macro environment is in our favour. Which is not always the case.

Macro environment to monitor.
-FED interest rate hike – Will June rate hike already be priced in? Last hike rate the market had a rally back up to 40k. which later crashed in the following days.
-Crypto Twitter – Elon Musks tweets
-Recession – GFC looms (every decade we have some sort of financial depression, 98′ and 08′ Global Financial Crisis. it has almost been 14 years since the last GFC . History repeats.
-Legal Adoption – El Salvador – Progress – Bitcoin City. Other Countries?
– Death spirals – $LUNA will there be others that create more fear in the markets?
– Whale Watch – How many are in wallets and not exchanges analysis. Monitor Movements.
– Bitcoin Fear & Greed index is at all time low and has went as low as 11, right now it is sitting at around 14.

When the whole market is in fear it is best to buy.

TRADE

Right Now the Price has dropped to 28k to 31k range, and it has been ranging for the past week. a move to the upside to 40k will confirm a bullish confirmation.

ENTER 28.8 k
TP1 40k
TP2 60k
TP3 69k
TP4 69k – 100k

SL 25k if the trade goes south I will take 1R and wait to re-enter at 21k for a Long and re-evaluate.

Future Short Trade Day Trade – quick scalps

Depending if any of the TP resistance is rejected then we may see a short back down to test previous support. Profit both ways.

BINANCE:BTCUSDT

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what are your thoughts on the macro environment?