$BTC 📈
Earlier, price swept the poorly structured lows we’d been discussing and formed an SFP at the mini-range low.
Sellers were absorbed and trapped, so I entered small and waited for confirmation: a reclaim of mrVAL with intent, as I explained in the open Discord. We got a small bounce, but buyers never showed real conviction. The move was mostly short covering, quickly faded back to the lows, and stopped me out.
Sellers then followed through to the downside during the NY session. Price action and OrderFlow didn’t convince me to take another position at my zones of interest, and I’m not looking for a new position right now.
Next, I’m watching for a sweep of the key low near $80K into the internal-range VAH. For a potential long, I’d want to see absorption, trapped shorts, and a reclaim of the key low. If it fails, irPOC and then irVAL are the next downside levels - thats a very important zone of support on the HTF.
The other setup I’m watching is a decisive reclaim of the just lost mini-range VAL with intent, which could set up a rotation higher toward the untested mini range highs.
I’m not looking for new shorts right now; I’ll keep watching for new long setups 🔎