The author's base case is very clear: there is still liquidity to clear above, order flow can temporarily hold up, but the hedge is already in place, and if it breaks below the previous low, reassess. This kind of "long position structure first, then short back into the range" approach is worth monitoring.

$BTC daily plan & hedge long

My primary thesis remains unchanged.

We still have meaningful liquidity and positioning overhead, while order flow continues to look constructive for now

That's why I expect the higher probability path is a mitigation higher before any larger continuation lower.

I adjusted my hedge entries slightly:
> 50% size at 61.6k
> Remaining 50% around 61k

Reasoning is straightforward:
> Liquidity has been building around 61k
> The 61.2k level remains the largest single liquidity level on my board (~250M) -> sits around GP

As long as we remain above the previous range low, I will hedge into a corrective move

Target remains the range VAL, which would effectively be a bearish retest of the prior range structure.

Positioning, liquidity distribution and current order flow still support that scenario as my base case for today.

Will reassess if buyers fail to defend the reclaim zone.