$BTC 📈 Boring intraday price action... The major test for me reains at rVAL: I think there is a good chance we reject off this level and continue lower from there. However, if we see acceptance back within value, we could get a much bigger bounce here (-> rVAH). Bears must defend this level! Bulls must defend the current bullish structure and low AVWAP to keep momentum going. With quite a few shorts now out after selling right into the low, this move might be showing some signs of "running out of fuel". However, as of now, bullish structure remains intact on the LTF. And as long as that's the case, I expect a move towards the rVAL. I’m still holding my major shorts from the failed auction at range high, after taking major profits at range low as shared here. I’m also still holding a small remaining position (~20%) from the long I took, given all those shorts opening into rLow while price was showing signs of strength. Now I simply wait for one of my key levels to get tested to tell me which direction this most likely continues in. I marked my next key levels on the chart. I do not set limit orders, I set alerts. Once price tests my level, I check the OrderFlow for confirmation. (NFA!) #Bitcoin #BTC