$BTC

Price is showing relative strength compared to the last time we broke above the channel and tested the 1W 21EMA. On that occasion, price quickly reversed with an impulsive move to the downside.
Anyway, currently we have a tight Monday range along with a clear buildup of equal liquidity around 77k and 75.5k, both levels are likely to be targeted. There was also an attempt to break above the previous Month high (PMH). It’s also worth noting that Mondays have historically been one of the stronger days for Bitcoin recently.
Given this context, a deviation above the Monday high to sweep liquidity before returning to the range remains a plausible scenario.
Choppy conditions are likely for the rest of the week, but key levels to watch are:
Monday low (ML) and D1 21EMA as local support: ~ 73.6k–73k
Value Area High (VAH) next below that: ~71.5k
If acceptance is found below, Point of Control (POC): ~67.9k
Further downside: Value Area Low (VAL): ~65.8k
However, on the upside, sustained lower timeframe acceptance above the Monday high would increase the probability of another attempt to take out the local highs.
Tight ranges. Liquidity constantly building equally above and below. Tells me we’re due to chop longer until true expansion.