$BTC started the weekend consolidation after bouncing from the key 81K level.
This Saturday will probably be quiet, with potential movement on Sunday.
We all know weekend moves aren't sustainable and get erased during the week after in most cases, so be cautious with continuations.
Bitcoin has shown the first sings of a shift after sweeping and testing 81K.
If we want to take the BSL at the 87K highs, it's higher-probability when we hold the 80.4K low going into next week.
I'm long since 81K, and the 81.1K region is the last line of defence for this bounce to actually turn into a HTF reversal.
Holding this low doesn't guarantee new highs of course, we obviously have resistance at 84K and that big 4H gap above we need to conquer first.
So I'd definitely take partials there and manage your SL accordingly if you're also long.
Looking for hedge-shorts in that 84K/85K gap is valid after the trigger, I'll be monitoring it personally.
Lose this low and we can prepare for another dive to the downside, in that case I'll wait for shifts to enter longs sub 80K.
Now it's time to enjoy the weekend.
DYOR
$BTC
This Saturday will probably be quiet, with potential movement on Sunday.
We all know weekend moves aren't sustainable and get erased during the week after in most cases, so be cautious with continuations.
Bitcoin has shown the first sings of a shift after sweeping and testing 81K.
If we want to take the BSL at the 87K highs, it's higher-probability when we hold the 80.4K low going into next week.
I'm long since 81K, and the 81.1K region is the last line of defence for this bounce to actually turn into a HTF reversal.
Holding this low doesn't guarantee new highs of course, we obviously have resistance at 84K and that big 4H gap above we need to conquer first.
So I'd definitely take partials there and manage your SL accordingly if you're also long.
Looking for hedge-shorts in that 84K/85K gap is valid after the trigger, I'll be monitoring it personally.
Lose this low and we can prepare for another dive to the downside, in that case I'll wait for shifts to enter longs sub 80K.
Now it's time to enjoy the weekend.
DYOR
$BTC