$BTC swept that 77K weekend liquidity like we called it. Normally I'd already be hunting longs here, but mid-terms today and tomorrow mean I'm sitting tight. Big money pulls back before these events — markets just chop and consolidate until the results drop.
Wouldn't shock me if we grind sideways until tomorrow, maybe even until NFP Friday. Right now we're holding 76.2K PML. For longs I want to see that level swept so we can tap the sell-side liquidity sitting below it.
We've been repricing lower since 87K for weeks now, and we've stacked a ton of buy-side liquidity above. This is the type of range where you watch for local structure shifts — because the pattern's been slow grind down, fast rip up.
The 74.9K September low is still a valid point of interest, but not required if we sweep 76.2K and bounce clean. For shorts my first level's unchanged from yesterday. But if we sweep and see big displacement up, I'm flipping long-focused and any shorts are just hedges.
No edge forcing it here. Wait for the sweep or the shift. This fits the plan — don't trade the chop, trade the structure break when it comes.
Wouldn't shock me if we grind sideways until tomorrow, maybe even until NFP Friday. Right now we're holding 76.2K PML. For longs I want to see that level swept so we can tap the sell-side liquidity sitting below it.
We've been repricing lower since 87K for weeks now, and we've stacked a ton of buy-side liquidity above. This is the type of range where you watch for local structure shifts — because the pattern's been slow grind down, fast rip up.
The 74.9K September low is still a valid point of interest, but not required if we sweep 76.2K and bounce clean. For shorts my first level's unchanged from yesterday. But if we sweep and see big displacement up, I'm flipping long-focused and any shorts are just hedges.
No edge forcing it here. Wait for the sweep or the shift. This fits the plan — don't trade the chop, trade the structure break when it comes.
