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bitcoin:native
We are currently trading just below my swing short entry, with price now tightly compressed between the H4 Value Area Highs, the HTF SR level, and the key Weekly 21 EMA just above.
As I’ve been highlighting for some time, my invalidation remains acceptance above 78.4k. If that occurs, I’ll close my short positions and begin looking for potential swing long opportunities targeting the yearly open at 87.5k, or the D1 200 EMA around 82.1k. I’d also consider selectively accumulating stronger $ALTS on spot.
Until then, resistance remains resistance until proven otherwise.