$BTC swept 64.5K equal highs as called. Took the short there, targeting 62.5K PWL—scaling two partial TPs inside this compressed range because we're still chopping.
If you missed it, watch for a higher sweep toward 65K. That's another entry zone. If it runs there, my short stops BE and I re-enter.
Why no longs? OI data shows the entire rally was shorts covering—no fresh demand. Plus slight OI increase at the top = new shorts piling in.
Best case: dump from here, break back under 63.9K. Worst case: NY session sweeps 65K range highs to flush London sellers first—classic.
Only setup I see is short. Let the day develop.
If you missed it, watch for a higher sweep toward 65K. That's another entry zone. If it runs there, my short stops BE and I re-enter.
Why no longs? OI data shows the entire rally was shorts covering—no fresh demand. Plus slight OI increase at the top = new shorts piling in.
Best case: dump from here, break back under 63.9K. Worst case: NY session sweeps 65K range highs to flush London sellers first—classic.
Only setup I see is short. Let the day develop.