source avatarZeroCool

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My 2 Cents on Sunday. $BTC swept the level that was supposed to invalidate my reaccumulation thesis - and then reclaimed it. In my last updates, I gave BTC a 70% chance of reaccumulation as long as the 75.5–76k area wasn't lost. https://t.co/pt3ofYELqC https://t.co/B3kPHJ9p2m We briefly traded below 75.5k, took the liquidity sitting there, and then slowly worked our way back above the level. My broader view hasn't changed. If anything, I think we're getting closer to a potential breakout to the upside. Friday's push left behind a sizeable imbalance and, within the current reaccumulation structure, I currently see it as a potential Jump Across the Creek (JAC). If this continues to develop, a pullback on Monday towards 79.6k - around VAH - would make sense to me before another attempt to break out of the range. Sentiment is another reason I still favor this scenario. I simply see too many "TOLD YOU" experts on X waiting for the classic Bart pattern. 🤷‍♂️ Let's see how it unfolds. Wishing everyone a good week ahead 🤝

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