$BTC | Update (1D)
A V-Shape Recovery from here would be pretty brutal.
We're bouncing from the top of this Blue OB, Which remains the Key Support Zone for Bullish Continuation.
Inside this box, We have quite a bit of untapped liquidity, Aligning with the previous Major S/R Levels.
However, We don't necessarily need to fill the entire box before marking the bottom. In fact, We can even front-run the obvious "sweep of the low" long setups.
I still think we could sweep the current low if we reject the 78.7k-79.2k region, but if we don't get that rejection, Then the bottom could already be in.
Based on this fractal, We shouldn't spend much time around this zone and should retrace the entire dump within the next week.
We're at a Macro Low Region. Once we bottom here, We may not revisit these levels again.
Hence why I've added more to my Spot position and have already positioned myself for the next major impulse.
A V-Shape Recovery from here would be pretty brutal.
We're bouncing from the top of this Blue OB, Which remains the Key Support Zone for Bullish Continuation.
Inside this box, We have quite a bit of untapped liquidity, Aligning with the previous Major S/R Levels.
However, We don't necessarily need to fill the entire box before marking the bottom. In fact, We can even front-run the obvious "sweep of the low" long setups.
I still think we could sweep the current low if we reject the 78.7k-79.2k region, but if we don't get that rejection, Then the bottom could already be in.
Based on this fractal, We shouldn't spend much time around this zone and should retrace the entire dump within the next week.
We're at a Macro Low Region. Once we bottom here, We may not revisit these levels again.
Hence why I've added more to my Spot position and have already positioned myself for the next major impulse.
