$BTC . The pQH is holding as support, thing which will mate lots of longs ape here.. But we just closed another quarterly candle and the context is far cleaner now
What I want to see is one more drive into the highs to trap the late longs which will chase the pQH Support, before a deeper correction toward 78k and eventually 71.8k.
Plenty of unfinished business still sitting up there DYOR $BTC
I am eyeing two entries for a fresh swing long on $BTC .
1. Sweep and reclaim of the Monday low triggers the first one. Liquidity is resting right under it and a quick raid into that area followed by a reclaim is the aggressive entry. Here I would expect a aggressive breakout tot he upside.
2. Price breaks down from the current local range and dips deeper into the range highs of the daily range, right where the 4h 200MAs and the GP line up near $79-80k. Old breakout point, MAs and the fib pocket all in one zone. That is the higher conviction entry.
For now, nothing to do for me. Both setups need price to come to my levels first. DYOR $BTC
Time and the range says that market is liquidity driven, therefore the first short comes only based on the first liquidity pivot - Monday High - 85 131 area DYOR $BTC
$TAO has quite a good setup here for continuation, now issue is - too many setups in the same direction don't necessarily mean more profits.. DYOR $TAO