$BTC respected our short-POI from yesterday perfectly. As I shared yesterday, the sweep of the 65.1K high was a nice short entry. If you took the short you should be printing now, my advice is to take some profit off the table and go BE. My plan for Bitcoin today is to manage my shorts as we swept the PDH and it's the last day of the month. The short entry was nice, but keep in mind that the 63.6K PDL could hold today. If we look at the expected move of the day based on volatility, the maximum is around the 63.6K PDL + we took the PDH already. Normally a PDH sweep is perfect for shorts going into the rest of the week, but because it's Friday I'm a bit more conservative. We can see that this rejection built even more liquidity above the 65.8K highs, so both sides of the range are extremely liquid. If this weekly candle closes above the 63K lows, we might as well go for the highs first in the next weekly candle. So I'm going to set my stops on BE on all the shorts, and take profits today. Capital protection is the number 1 priority. I'll let the trades run and let the last day of the month do its thing.
Lennaert SnyderShare

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