$BTC just retested the breakdown on the 4H after snapping the descending line. Classic decision point — price sitting right on structure.
Now we're in the zone where you either get the bounce back up or continuation lower. The retest is clean, so it's about how OI and funding behave here. If longs are still stacked and funding's elevated, any rejection here could flush hard. If OI's neutral and price holds, we might get the reclaim.
Personally watching for a sweep below the retest low to grab liquidity before a real move up. That's the setup I want. If it just grinds sideways here, I'm out — no edge in the chop.
Direction? Lean slightly up if we hold this retest with volume, but I'm not married to it. Let price show its hand first.
Now we're in the zone where you either get the bounce back up or continuation lower. The retest is clean, so it's about how OI and funding behave here. If longs are still stacked and funding's elevated, any rejection here could flush hard. If OI's neutral and price holds, we might get the reclaim.
Personally watching for a sweep below the retest low to grab liquidity before a real move up. That's the setup I want. If it just grinds sideways here, I'm out — no edge in the chop.
Direction? Lean slightly up if we hold this retest with volume, but I'm not married to it. Let price show its hand first.