$BTC closed above the 73.5K prior week low yesterday. I went long after we flipped the 1H bearish imbalance at 73.6K following the PWL sweep — exactly as planned since Monday.
If this is a real purge of that low, we shouldn't see price displace back under 73.5K. If we lose both the 73.6K imbalance and 73.5K PWL with speed, I'm flipping short — the local trend is still down.
If we retest 73.6K but hold the imbalance without closing below, long scalps could work.
Bigger picture: downtrend stays live until we clear 81.1K. My short POIs haven't changed from earlier this week, but right now I'm watching how we behave at these levels.
Already took some risk off and adjusted my stop — delivery isn't the cleanest for a PWL purge setup.
U.S. banks are closed today, so trade the NY session with that in mind.
If this is a real purge of that low, we shouldn't see price displace back under 73.5K. If we lose both the 73.6K imbalance and 73.5K PWL with speed, I'm flipping short — the local trend is still down.
If we retest 73.6K but hold the imbalance without closing below, long scalps could work.
Bigger picture: downtrend stays live until we clear 81.1K. My short POIs haven't changed from earlier this week, but right now I'm watching how we behave at these levels.
Already took some risk off and adjusted my stop — delivery isn't the cleanest for a PWL purge setup.
U.S. banks are closed today, so trade the NY session with that in mind.