$BTC | Update (1D)

We are currently bouncing off weekly support/resistance levels. Given the large amount of unfilled imbalance left from the last decline, it’s easy for the price to rebound to 76k at the beginning of this month.
To allow the price to retest bearish from here, we need to hold the 73.1k-72.7k zone on the lower time frame (LTF). Losing this zone is likely to lead to further downside, sweeping out EQLs near 70.4k.
These EQLs can easily turn into liquidity, pushing the price further toward the quarterly open area, which is our strongest support in the downward direction. When revisiting this zone, we are likely to see a short-term pullback.
The current plan is to observe the 73.1k-72.7k zone and look for potential hedge long setups to counter the shorts. The target for the bearish retest is 76k / the top of this descending wedge.
If the bulls cannot hold this level, the re-entry points will be in the 70.4k-68.2k zone, where I will also look to lock in some profits from our swing short held from the 80k area. #分析师剑客