$BTC

Weekly

102k is the weekly downside draw

Imbalance at 98-100k

If we sweep the weekly draw into said imbalance I'd view it as a buying opportunity targeting 125-130k as the next major upside level. At which time we'd be in full breakout mode.

Reasons we might see a pull back here:

- We've seen 7 weekly up candles in a row, probability we get a down candle week grows over time.

- Weekly swing failure

- Shorter candle length at resistance.

- ATH was the likely target for 74k buyers

I wanted to long the imbalance a couple of weeks ago targeting this level but we never got the entry - so the gap remains open.

I'm not ready to look for swing shorts, but will entertain on an intraday basis if a setup is presented (targeting 100-102k)

Not saying we can't continue up here, but as a trader I play the probability game. For upside continuation I want a close above ATH and a rounded re-test, showing acceptance > ATH. Then I'd hunt for longs on shallow sweeps etc.

GL