There’s always a story to tell when looking at weekly candles. Last week, $BTC had a rejection from the 87s down to the 80s. After recovering 50% of the dump, the next weekly candle opened, our current one. As we can see, that weekly candle started the week pushing up on Monday, constantly rejecting the weekly open, and ultimately leading to a sweep of the previous weekly low at 80K. So far, the side that’s been hunted has been the long side. That means there’s a good chance we start taking the other side next week, though I’d keep an eye out in case we get another sweep of this week’s low at 79.8K. If we do, look for longs. If we don’t, then 83.6K is the area to observe yet again. If we can’t flip that area, we remain in range-based capitulation. If we can... well then up lol. So, in short, we hunted the PWL. Maintain above it or see any sweeps, look for longs. Watch for the next weekly candle to start pushing upwards and take out some late shorts who chased this move down. Absolute worst case scenario for bulls would be deviating to the 76-78 region. I do not see a sweep of 74K happening.