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$BTC is sitting in a decent spot here. I'm long, but I'm holding three scenarios in mind depending on how price evolves around the $60k low.
The one I'm watching most closely is a three-drives at the lows. We've already got two drives in, with a daily reaction a third would complete it.
The second bullish path is a straight bounce from here: bull divergence on the daily, consolidate above $60k, then push higher.
Both bullish cases target the mid-$70ks.
The third is bearish continuation, we lose the $60k low, flip it to resistance on the lower timeframes, and run the liquidity down at $50k.
Same level decides all three.
#BTCUSDT