$BTC | Update (4H)

Not surprised by how we V-shaped the entire yesterday's dump.

The trend was extremely exhausted on LTF, and we also swept the previous low. A move like this was definitely on the table, which is why I market entered my first 40% spot buy at 59.3k.

Now, the key level to watch is the Wave B region around 62.2k. This is the mid-range continuation S/R zone.

A rejection here would signal bearish continuation, while a reclaim would open the door for another push towards the 64k-65.7k region.

Personally, I won’t be trading much for the rest of the month. I've secured profits from the shorts at the bottom and I'm already sitting comfortably in my spot buy.

Also, the way PA is shaping up, We can expect a lot of chop/sideways fkery in the upcoming days going into the Monthly Close.