$BTC The 62.2k support is the key level we need to hold if we're going to see an impulsive move to the upside this week.

We're retesting Wave B once again after breaking out of the daily falling wedge. If bullish momentum is truly about to kick in, this is where it should happen. A strong bounce from here would give us a flat Wave 2, leaving more room for Wave 3 to extend towards the upside.

There's liquidity resting on both sides. We front-ran the EQHs, and we also ignored the 61.2k low previously. That's a sign of indecisive price action, and what usually follows is either:

- A whipsaw, eventually sweeping both sides before the real move begins.
- One side getting front-ran, baiting more positions before price expands in the opposite direction.

A bounce from this flat support, followed by using the liquidity above as fuel for a stronger impulse, would make a lot of sense here given that we are forming somewhat of a pennant (Bull-flag) on daily

On the other hand, if we lose the bottom trendline, it would increase the probability of a whipsaw, sweeping the downside liquidity first before reversing and targeting the highs. That scenario would also invalidate the idea of getting an impulsive move to the upside this week.

So for now, I'm trading level to level here, If this long stops out, I will take the next entry from the Second POI with 1% Risk. The current long idea remains valid as long as we are holding 62.2k & the bottom trendline. If we lost it, I will look to burn this position early and Re-Enter from 61.2k-60.9k POI.