$BTC is starting the new month with a push higher, but we have a volatile week ahead with the U.S. midterm elections tomorrow and NFP on Friday. I'd be more cautious with risk and avoid forcing trades around major events. How price reacts to these releases will matter. Looking at the move from the 76.2K low, Bitcoin's repricing higher has been quite messy. There's still weekend liquidity around 77K, and I wouldn't be surprised to see it swept before a clearer move develops. Given our position in the range and the discount POIs already mitigated, the bullish thesis remains valid as long as the current low holds. A sweep of the weekend SSL followed by strong bullish displacement could offer an interesting long setup towards 80.3K. If price drops further and sweeps the 76.2K PML/PWL, I'll be watching for a similar reaction. Many traders are looking at 75K for potential longs. It's a valid level, but crowded expectations can sometimes lead to price frontrunning the setup. On the daily timeframe, we're still in a corrective move lower, so continuation after testing higher-timeframe short POIs remains possible. The 80.5K region is interesting for shorts, as it aligns with the higher-timeframe range extremes and a daily imbalance. I'd want to see confirmation before considering an entry. Zooming out, BTC has been repricing lower since September 21, creating plenty of buy-side liquidity above the market. We've also tested deep discount levels within the local higher-timeframe range. If Bitcoin starts moving higher from here, that repricing could happen much faster than the move down. I'm not expecting a straight move up, but the chances of a bullish repricing have improved considerably. #BTC Price Analysis# #Macro Insights#
