$BTC  Weekly update containing all the sauce up shortly. As of now, previous month vwap x 30d rvwap is the level to watch. $69.8k is the LTF pivot after a thin move up at the weekly open. 2 scenarios going forward: 🔵 Potential 3-drive pattern forming with higher highs on price and lower highs on the RSI suggesting upside momentum isn't there. For this to playout, one more squeeze into $70.9k followed by a rejection back under $69.8k where shorts be valid towards $67k. Second play stands around acceptance above $70k, develop an LTF range, sweep the lows into previous month vwap ($69,800) and reclaim for longs towards $72k where the real test will be. 🔵 There currently is a divergence between spot and futures: 🔵 Perps: open interest grinding higher with funding rates shifting lower suggests shorts opening into the $70k level 🔵 Futures: Coinbase premium in positive territory suggesting a spot bid is present + ETF buying activity. Summary High probability of a short squeeze higher, potentially into $71k where reaction post sweep will be telling: Sweep and accept below $69,800 -> $67,000 Sweep and accept above $69,800 -> $72,200