$BTC delivered the second sweep we discussed this morning and bounced off the $82K region.
This is now the second test of that level, so patience is key. I want to see BTC build liquidity to the upside and potentially squeeze late shorts entering around these prices.
I'm already long based on my 1M execution model. My first TP was at $82.7K, with more partials planned at $83.8K and the $85K gap. I've also adjusted my stop below the $82K low on the 1M timeframe.
However, bears could still push price lower. The grey box remains a valid area of interest, and a sweep below $80.1K could offer another potential long setup if the price action confirms it.
For now, I'm staying patient and reactive. Another sweep of the lows is still possible, so risk management remains essential.
This is now the second test of that level, so patience is key. I want to see BTC build liquidity to the upside and potentially squeeze late shorts entering around these prices.
I'm already long based on my 1M execution model. My first TP was at $82.7K, with more partials planned at $83.8K and the $85K gap. I've also adjusted my stop below the $82K low on the 1M timeframe.
However, bears could still push price lower. The grey box remains a valid area of interest, and a sweep below $80.1K could offer another potential long setup if the price action confirms it.
For now, I'm staying patient and reactive. Another sweep of the lows is still possible, so risk management remains essential.