$BTC The Friday low has now successfully been taken out.
After a quick sweep below $76k, we’ve seen another strong bounce, which sent price back towards the highs of this current LTF range.
My short term bias remains bearish until BTC reclaims $80k, as price is still trading below this key breakdown level and buyers haven’t managed to shift structure back in their favor yet.
I’m expecting a short deviation above the recent highs to take out some additional shorts before price reverses and re-enters the range.
If we do get a push towards $79.5k after NYO, I’ll be looking to take a short scalp, targeting the lows. #BTC Price Analysis# #Macro Insights#
After a quick sweep below $76k, we’ve seen another strong bounce, which sent price back towards the highs of this current LTF range.
My short term bias remains bearish until BTC reclaims $80k, as price is still trading below this key breakdown level and buyers haven’t managed to shift structure back in their favor yet.
I’m expecting a short deviation above the recent highs to take out some additional shorts before price reverses and re-enters the range.
If we do get a push towards $79.5k after NYO, I’ll be looking to take a short scalp, targeting the lows. #BTC Price Analysis# #Macro Insights#
