Good Morning somewhere!
My daily view above, the 12Hr OB (grey area) has been a clear area of support and contest for months and now we've had a decisive move away to the downside, coming back for a bearish retest. This lines up with the 200 week SMA which is around 26500 currently, this also looks like it has been lost has support and is now acting as resistance.
I'm looking to get short here back down to 25500 with my sights still set on 21500 as a potential spot for a lower high to come in for BTC. Ideally I want to see a sweep of the current high at 26800 as I missed the initial run of liquidity, otherwise i'll be looking for a market structure break to trigger short.
Alternatively we pump and reclaim the 200 Week SMA plus the 12HR OB and this is where I will switch bias bullish and look for longs, initially targeting the cluster of equal highs around 30k.
My other long option is if we do dump and we sweep the current lows, then I'll be getting long on that sweep, I will update if and when we get down there.
I will update as plans change or if I enter a position.
Good luck and have a great week ahead!
