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GM. $BTC
We have lots of liquidity evenly distributed towards the range lows as well as the upper end of this channel.
I suggested yesterday that the liquidity at the highs were most likely to get taken first due to the fact price was convincingly holding the Daily 12/21 Emas + Monday usually is the strongest performing day of the week.
For upside continuation we need to see LTF acceptance at least above 75/75.5k else we can simply call this move just a sweep of the highs / liq hunt before we deviate and come back down.
But if price can retest and hold the range highs then perhaps we go for another attempt of a breakout of the upper end of the channel / 100MA if successful we can start talking about trading back to the YO more confidently.
We can use the Monday Range to our advantage, for now the MH is resistance and it’s roughly in line with the 100MA and upper channel so acceptance above that’s our long trigger for continuation. If we start losing ML then that is our short trigger to trade it back down to the range lows.