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$BTC Bitcoin
I believe 74,500 is today’s bulls-and-bears dividing line in trading. If the price breaks below 72,900, then I will close all my short positions at that time. The price has previously pulled back to 73,500, but honestly, this 1-hour bullish fair value gap has prevented the price from falling further—this is also why it has rebounded. After closing my short positions, I want to go long around 71,600, because there is a strong low point near the midline that we can use as the invalidation level.
Summary
Hold steady above 74,500; possible retest of 76,000
If it breaks below 72,900, then head to 71,500, and go long in the opposite direction at that time, with the stop-loss set below the strong low point
If it breaks above 76,000, then head to 81,000