$BTC pushed above the PWH on Monday/Tuesday, then retraced straight back below it — exactly the move I was waiting for.
Ideally, I’d like to see BTC continue ranging or selling off into the monthly close, with a potential move toward the $72.9K region around the start of next month.
We could see some sideways consolidation on the LTF over the next few days, so don’t be surprised if things get slow.
For now, my plan remains unchanged: I’m expecting the liquidity/imbalance below to get filled first before BTC potentially makes its way toward $82K sometime next month.
NFA. Manage risk.
Ideally, I’d like to see BTC continue ranging or selling off into the monthly close, with a potential move toward the $72.9K region around the start of next month.
We could see some sideways consolidation on the LTF over the next few days, so don’t be surprised if things get slow.
For now, my plan remains unchanged: I’m expecting the liquidity/imbalance below to get filled first before BTC potentially makes its way toward $82K sometime next month.
NFA. Manage risk.
