It could go in either direction from here but I feel like we will get a sweep of the local lows before 9500+, so 8700ish to 9500+ Or it could go 9500+ to 8700... either way we will have to sweep the local lows before 10k+ if we are to go there PA looks bearish as the POC moved from 9400 to 9120 in just 8 candles and now price is being rejected by the EQ of the...
Entry at the equilibrium of the weekly range with a tight stop targeting old highs.
Price looks slightly bullish for now retracing to the equilibrium of the weekly range. I think that a stop hunt on the upside is more likely, I might long here and aim for the top of the range but small position.
Closed my small long once I saw price closing below the DEC bottom, JUNE high 50% fib and then getting trapped under the $8400 resistance. Plan here is to short $8400 with stop above the swing high near $8467. TP 1, 2, and 3 are all above $8000 as I'm expecting this level to hold as support for now.
BTC runs stops and bounces strongly, long the pullback and aim for the 50% fib and possibly higher 8600-8800.
Expect some consolidation after being rejected from the 8000 level. I'd be surprised if we dumped through that level so fast I feel like we could be ranging in here for a while. Luckily for us it seems like BTC has already established a resistance area for us on the smaller TF's around 8700-8800, and that is where I have my short orders placed with a tight stop...