Last week’s scenario I outlined for Bitcoin played out. It dipped into the $76,200–74,500 range, absorbed the liquidity, and then the reaction I anticipated followed. However, I didn’t expect the rebound to reach $80,600—this level coincided with a 4-hour OB touchpoint. The $81,000–81,300 zone is significant. If price holds above it, the $82,000–82,500 area could open up. But the same pattern may repeat: if it takes out the higher liquidity and reverses, a pullback to the $79,500–79,300 zone wouldn’t be surprising. Don’t blindly go short. You can test it, but wait until after 11 PM if there are signs of a downward move.
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