bitcoin:native 📈 There’s honestly not much to update right now... I’m still sitting in this smaller-sized short, mainly because the top continues to look increasingly distributive in both structure and volume. For now, price is simply rotating inside value... and it’s starting to get a little annoying 😅 A sweep of the key high / VAH followed by a failed break above value would make me add size to the position. A strong break and acceptance above VAH would likely get the smaller short closed. At the latest, a sweep of the overall high would stop me out of the current position. From there, I’d closely watch the reaction through order flow and wait for confirmation. If we then get another failed breakout / fakeout of the highs, I’d be interested in opening a fresh short. On the other side, a sweep of the key low / VAL could trigger an LTF long setup. The most important support remains the range VAH. This is where bulls need to step in and defend the latest expansion! If they fail to hold price above value and we start accepting back inside, we could quickly rotate back toward the origin of the move, the area where this news-triggered expansion started (rPOC, rVAL). If that happens the short stays open. But if we see clear strength and a strong response at this key level, I’m very interested in trying the long from there to terget the highs and a HTF break of bearish market structure. https://t.co/nxGFrmsVt3
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