$BTC bounced after reaching the $67.6K area.
Yesterday's short turned into a runner, allowing me to lock in profits for the week. GG to everyone who caught it.
Bitcoin is now bouncing into the first 1H imbalance around $69.5K.
After such a sharp move, I'm not rushing into new positions. I'd rather give the market time to consolidate and build liquidity.
On the 4H chart, we haven't fully filled the previous wick, so I'm still watching for a deeper move down and potentially a lower low.
The $65.1K–$67.5K zone is an important HTF support area where I'll be looking for potential long triggers and reversal signals.
There are also several bearish 1H imbalances above price that could offer scalp-short opportunities, but I consider these late entries and won't rush into them.
Ideally, we get a rejection from one of the lower imbalances, another push down, and then a clear long trigger for a potential relief bounce.
#BitcoinETFOutflowsHit1.6B
Yesterday's short turned into a runner, allowing me to lock in profits for the week. GG to everyone who caught it.
Bitcoin is now bouncing into the first 1H imbalance around $69.5K.
After such a sharp move, I'm not rushing into new positions. I'd rather give the market time to consolidate and build liquidity.
On the 4H chart, we haven't fully filled the previous wick, so I'm still watching for a deeper move down and potentially a lower low.
The $65.1K–$67.5K zone is an important HTF support area where I'll be looking for potential long triggers and reversal signals.
There are also several bearish 1H imbalances above price that could offer scalp-short opportunities, but I consider these late entries and won't rush into them.
Ideally, we get a rejection from one of the lower imbalances, another push down, and then a clear long trigger for a potential relief bounce.
#BitcoinETFOutflowsHit1.6B
