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$BTC
Price is currently consolidating within a tight H4 range just below a higher-timeframe SR level. With Mondays typically showing strong momentum, a move toward 80k appears increasingly likely, particularly given the liquidity building in that region.
I remain in a short position from just below the 1W 21 EMA / SR level, which is still slightly in profit. Despite my bias toward a potential move to 80k, I will continue to hold the position in line with my original trade plan.
For confirmation of continued upside, I am looking for acceptance around the 78.4k level. A simple sweep of 80k would not be sufficient without sustained acceptance above that region.
However, a significant sell-off in equities at the market open would likely undermine the case for further upside.
#btc