$BTC Retesting the Key S/R right at the start of the week.
For continuation towards the upside, we need to flip this level into support. As long as we're rejecting here, a sweep of the PWL stays in play.
A short from here could do pretty well, but I'm personally not interested in taking it given that we're in the middle of the range and the Risk to Reward just isn't favorable.
The POIs for me this week are the PWH and PWL.
Given that we pretty much ranged for the entire last week, it's quite likely that we hunt either the high or the low of the previous weekly candle this week.
Whichever side gets targeted will give us a better idea of what this current week could look like.
If we reject the 82.5k Key S/R, a sweep of the current 79.7k low comes into play. This is where I'd be looking for longs.
On the other hand, if we break above 82.5k and sweep the PWH, a short could become more favorable if the bulls are exhausted up there and fail to reclaim the level.
Outside of that there's nothing much to do with this PA unless you're looking for quick ins and outs.
It's a scalper's paradise as of now. #BTC Price Analysis# #Macro Insights#
For continuation towards the upside, we need to flip this level into support. As long as we're rejecting here, a sweep of the PWL stays in play.
A short from here could do pretty well, but I'm personally not interested in taking it given that we're in the middle of the range and the Risk to Reward just isn't favorable.
The POIs for me this week are the PWH and PWL.
Given that we pretty much ranged for the entire last week, it's quite likely that we hunt either the high or the low of the previous weekly candle this week.
Whichever side gets targeted will give us a better idea of what this current week could look like.
If we reject the 82.5k Key S/R, a sweep of the current 79.7k low comes into play. This is where I'd be looking for longs.
On the other hand, if we break above 82.5k and sweep the PWH, a short could become more favorable if the bulls are exhausted up there and fail to reclaim the level.
Outside of that there's nothing much to do with this PA unless you're looking for quick ins and outs.
It's a scalper's paradise as of now. #BTC Price Analysis# #Macro Insights#