$BTC tapped 74.8K before pulling back and repricing around the 73.4K level. The long setup after the 73.5K retest, which I shared yesterday, played out nicely as a scalp. GG to everyone who caught it. While there were some decent scalp opportunities, the overall price action isn't giving us the conditions needed for quality intraday trades yet. Bitcoin is showing some distortion around the 73.4K PWL, and the current range remains messy, with plenty of choppy price action. Considering what happened with NVDA after hours yesterday, we could see a volatile reaction when the stock market opens today. I'm staying on the sidelines until after the 09:30 open. I want to see how the market reacts and where price settles before making any decisions. My trading plans remain unchanged. If we lose the PWL with strong momentum and aggressive selling, I'll look for a continuation short towards fresh lows. If that bearish scenario plays out, I'll then watch for potential relief bounces to look for long opportunities once the correction develops. On the other hand, if BTC manages to defend the 73.4K PWL, sweeps below it and closes back above with strength, I'll consider longs once the confirmation trigger appears. For upside targets, 74.2K is the first resistance area, followed by 74.7K and finally 76.2K. For now, patience is key. The bearish pressure coming from $NVDA adds another reason to be cautious rather than forcing trades into an unclear market. #BTC Price Analysis# #Macro Insights#
