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.