Bitcoin returns to the value zone of 100-103 k (mitigation block + volume node) while the funding remains negative and the heat map shows a large cluster of open liquidations at 111 k.
• Structure: Protected daily HL at 98 k → primary target 108 k, liquidity sweep at 111 k.
• Invalidity: D close < 93 k.
• Management: take partials at 108-110 k, leave a runner in case it breaks the weak-high at 116 k.
Contained risk, catalyst: technical rebound prior to the week of central bank meetings. #DYOR