BTC – chop heaven

Not much has happened since my last update.

We still haven't been able to tag the 86-88k supply zone. After having some constructive price action from the lows, price is grinding down below resistance.

We had a few liquidity games, one of the weekend with an attempt to liquidate a short position during low weekend liquidity. Another small short squeeze on the news that MSTR purchased more bitcoin.

Both retraced quickly and if we ignore these news/event wicks, we see clear lower highs on lower timeframe.

That doesn't mean my bias is down, it just gives us a very clear low timeframe plan: short the lower highs until structure changes (look for something more constructive than a wick).

Not much to say other than that, except that Monday range has been very good to play over the last few weeks, so remember to map that out tomorrow.