$BTC | Update (2D) Out at break-even on the last short. Now I’m looking for a re-entry from the 78.8k-79.4k region, where we have the 1.618 Fib Extension for the LTF Wave 5, the 0.5 Fib of the HTF structure, and an untapped Monthly FVG. For now, I’m not entering short here unless I see something decent developing on LTF. We took out the previous monthly high and are now ranging right below it, which isn’t really a bearish sign because after a significant sweep, we’d ideally want to see a sharp reversal. In this case, we’re holding nicely above the previous weekly highs, which keeps the upside levels in play. The time period I’m observing for a local top is between 17th and 21st April, which means we are likely to top out within the next 4 days. Holding above 74.5k should push the price up toward the current high at minimum. Once we sweep 76k, we should ideally tap the 78k region. However, if I see weakness before 78k, I’ll enter the short a bit early, as we are already inside the key reversal zone from a time-based perspective, and a sweep of the high would confirm and validate the reversal.