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$BTC grabbed liquidity above ~$92,000 and dumped.
Our plan from last Saturday is playing out nicely, taking out liquidity above the ~$92,000 high, followed by bearish continuation.
Unfortunately I wasn't awake so I missed the 1st entry, but I'm looking for a re-entry when I get the following triggers.
When Bitcoin retraces this current dump towards ~$91,700, I'm looking for shorts after a LTF market structure break.
We can also move higher to the ~$93,720 weak high, a very interesting point to look for shorts after MSB too.
The current ~$94,700 monthly high looks quite safe, and is a strong invalidation point. When we take that high out, the bearish thesis is invalidated.
I'm still targeting the weak ~$87,600 monthly open here.
If price dumps from here, I simply miss the move. I'd rather miss a good trade than enter a bad one.
Let's see if we get some triggers today.
$BTC
{spot}(BTCUSDT)