source avatarAstronomer

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$btc - hourly timeframes Took a long here. Started bidding here with the idea of crucial support holding for a local bounce. This is based on our range idea, local order flow and the fact that we mapped out 83.6k far in advance and how it's now reacting. In the order flow, we have local bullish CVD divs again, large liquidations (forced losses) and negative funding Which means, short aggression increasing i.e. shorts per unit of time increasing versus longs per unit of time. Also supported by immediate OI decrease as price rises means overload in shorts which should squeeze. Impatient money going short into crucial hourly support is great for longs. Managing and adapting the long from here. Invalidation scenario is break below our level of critical support. On daily timeframes: still short from 86k and holding for a long time. On weekly timeframes: still spot bought at 73k and 62k as the macro bottom forms.

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