bitcoin:native Completed the local distribution and took the initial range low to create the second tap. This consisted of a local three-drive formation, showing clean accumulative price action. Took scalp longs yesterday and closed them in solid profit. From here, I’m watching two scenarios for new longs: A local higher low to play the M2A idea. We have a strong Asia low, local demand and a flip zone lining up. Give me local bullish structure confirmation and I’m interested in longs. Another sweep lower to form a potential M1A, with an additional drive into the remaining demand below. If price fails to establish a local higher low, this becomes the next setup I’m watching. The weekly high is showing warning signs and could act as a magnet, adding further confluence to the long ideas. Looking at order flow, OI continues to decline, showing very little positional conviction. Ideally, we see directional positioning or trapped positions develop to provide additional trading confluence.

bitcoin:native Still holding the short taken during yesterday’s livestream. TP1 was hit after price took the extreme liquidity, and my stop is now at break-even. The main expectation remains another sweep lower into the range lows and key demand below. That is where I plan to close the remaining short and start looking for potential long setups. This is a key level where bulls need to step in to prevent a deeper move towards $77K. I’ll be interested in longs if price forms a local accumulation or the bullish Po3 scenario shown on the chart. If the reaction is genuinely bullish, I want to see a quick sweep followed by a strong response. A deeper mitigation or too much time spent inside demand would increase the probability of it failing, opening the door towards $77K as the next major pivot. Tomorrow’s weekly close will also be important. The key question is whether bitcoin:native can close above $83K, and I expect a battle around that level as the weekly candle approaches its close.

Livestream recording 🎥 Took a bitcoin:native short live during the stream and explained the full reasoning behind the setup, from context to execution. Also covered why I’m currently long on ethereum:0x68749665ff8d2d112fa859aa293f07a622782f38 and shared my plans for the other watchlist pairs.