$BTC starts the week rejecting 80.5K PDH — nice first tap of the short-POI from last week. If you shorted the Asia session, well done.
U.S. bank holiday today, so expect slow price action. Your data should tell you if you're allowed to trade on bank holidays.
Short-POI triggered and $BTC sold off, taking out 79.2K PDL. This means 80.5K likely holds for today.
Looking at two long scenarios, both after trigger if POI gets tested:
1. Sweep of 78.6K low — lots of SSL there, induces sellers. If we sweep and get a bullish trigger, I'm longing it.
2. Region between range POC and VAL (76.7K–77.4K). Testing that region is a trigger to look for longs again, same approach as first scenario.
Higher retests of 81K region still valid for shorts after trigger if we get there.
Best case: slow day, test our POIs after the bank holiday. No edge, no trade — let the levels come to you.
U.S. bank holiday today, so expect slow price action. Your data should tell you if you're allowed to trade on bank holidays.
Short-POI triggered and $BTC sold off, taking out 79.2K PDL. This means 80.5K likely holds for today.
Looking at two long scenarios, both after trigger if POI gets tested:
1. Sweep of 78.6K low — lots of SSL there, induces sellers. If we sweep and get a bullish trigger, I'm longing it.
2. Region between range POC and VAL (76.7K–77.4K). Testing that region is a trigger to look for longs again, same approach as first scenario.
Higher retests of 81K region still valid for shorts after trigger if we get there.
Best case: slow day, test our POIs after the bank holiday. No edge, no trade — let the levels come to you.
