$BTC | LTF Update (1H)

Monthly Open level held as support once again and pushed price back above the previous local high. We’re now ranging here with equal highs resting right above us around 89.5k.

It’s very likely we sweep these highs. On LTF, price is forming a flag-like structure, which favors continuation. However if we lose these 88.8k lows then yesterdays pump will get retraced and we will likely retest monthly open again.

Liquidity to the upside is still untapped, which is why my target remains the 89.8k-90.5k region. I’ll be looking to take TP’s on my longs there and potential add backs to existing short positions once we clear that liquidity.

BTC

84,015.46

+2.63%