$BTC The local bearish Po3 played out cleanly and price swept an important sell-side liquidity low. We are now at a key decision area for the bulls. If we start closing below these lows, that would confirm a loss of the value area and likely open the door towards the lower part of the range, targeting the low $60k’s. There are very clean local levels to monitor from here. For the bullish outcome, bulls want to hold the current low or print a clean SFP of the low followed by a market structure reclaim. That would signal absorption and shift the short term momentum back in their favor. For the bearish outcome, bears want to defend the breakdown level and prevent any strong reclaim back above it. Acceptance below the local lows and continuation into the lower part of the range is likely.