$BTC

Nice reaction so far, keep in mind our levels (with patience)

Alright, nice reaction so far after taking the weak lows (TPO wise), and weekend lows at the same time.

You may remember last post I talked about how, despite both levels being close together, it's still important to separate both as a reaction in between is likely and will cause scatter in thoughts around.

It's the last line of defence and weak lows are key liquidity to provide a reaction.

Personally still want to see the move continue higher somewhat more. Shorting here towards the level is certainly not worth it, let's fill at least the CME gap, and bring us way closer to 90.4k.

Other than that, to long, or add to high timeframe spot, I still prefer to wait for 74.4k (and more so deeper below, but lets see how far the slide goes upon taking the level), per overall plan (with patience).

Regarding that "patience", indeed pointed out in the title last post.

That's all normal during the monthly transition. Every month ends with a closing wick and an opening wick so it's always a good general assumption, you know the drill. Just putting alerts and not overthinking it, whilst staying ready and on top of the plan.

Sentiment

Sentiment wise, we are quite scattered. But I sure will say that the ISM data does put a bullish twist on it in quite a sudden sense. Not an extreme one, but certainly enough to get people excited on a small pump from here.

Personally looking for that when heading into a short trade from higher.

Summary

So goal is still to wait here, action follows from either side, with the main point being that CME gap fill would be nice, and the level 74.4k is likely to be cleared. Even if a "small" move seems unsignificant, we are already seeing some bottom calling occur sentiment wise and the anticipation of such a big structural low breaking is not just about proximity, it's also about time (it is taking its time), and keeping it in mind in case we counter trend rally, preparing the trade and seeing if sentiment alongside order flow and local confirmation indeed sets up the trade.