$ETH
After a sharp correction, Ethereum just put in a ~23% relief bounce. Same story we saw on BTC.
There’s still upside liquidity sitting there, no question. But if I’m being honest, the BTC chart looks cleaner to me — it swept deeper into HTF liquidity, which usually matters more in these conditions.
For this week, I’m not married to one idea. Multiple scenarios on the table.
On the long side, I’m only interested if we get a high-probability reversal after a retest of the ~$1,918 liquidity zone. Timing matters here. Ideally Monday or Tuesday. BD stats show ETH prints its weekly P1 (high or low) on those two days about 86% of the time. That’s not something I ignore.
HTF trend is still bearish until proven otherwise. So yes — shorts are absolutely still in play.
We also left a large wick around ~$2,150. Those wicks don’t just sit there. They act like magnets.
If price sweeps that ~$2,150 wick and then shows a clear bearish MSB, I’ll be looking to short it back down toward ~$1,918 liquidity.
Now we wait.
Let the market show its hand.
