GM ☕️ $BTC delivered a clean bounce from the lower zone of interest after sweeping the poor low into the daily level 🎯 If you followed the setup we discussed in yesterday's in-depth update, you could now be sitting in a fully-secured long position. We talked about:"Potential long setup ~$62,300: A possible long setup would be a sweep of the poor low into the front-run Daily level. However, this is not a setup I am particularly interested in given the broader bearish context. It is still worth mentioning, but it would require very strong confirmation." I personally passed on the long because the OrderFlow confirmation was not strong enough for me. Once again, we saw plenty of longs attempting to catch the bottom, and particularly no clear absorption. Now price is testing my upper zone of interest: "First setup ~$63,500: Ideally, price sweeps the most recent high into the pmVWAP, while also filling the Single Prints left behind. If OrderFlow confirms weakness, this could offer a more aggressive short entry. Otherwise, I want to see price reclaim the high briefly and then lose it again before entering." The SPs are now filled, and price has tested pmVWAP and we are getting a smaller reaction. However, OrderFlow is still not confirming meaningful weakness (instead it's mostly new shorts opening and they have yet prove strength), so I am not looking for an aggressive short entry at this stage. For bearish confirmation, I need to see strong bearish absorption, clear evidence of trapped longs (buyers losing the auction), or price decisively lose both the marked high and the session VWAP around $63,270 (sellers winning the auction). Without that clear bearish intent, I’ll remain patient for weakness or wait for the upper zone of interest. https://t.co/e7MzLR61XN