$BTC has reached the first bullish target for the week.
As mentioned in Monday’s analysis, the week started with strong momentum and the initial target around $72,000 has now been achieved. After hitting that level, I closed my long position and am now watching for new setups for the rest of the week.
The $68,200 imbalance retest held well, and the recent impulse move created another significant imbalance in the market.
My overall bias for the remainder of the week remains slightly bullish, with $74,800 liquidity as the next potential target. The $69,100 H4 imbalance is a key point of interest where I would consider looking for long positions.
If Bitcoin reclaims $72,000 with strong momentum, I may look for more aggressive scalp longs targeting the $74,800 area.
Short positions are possible locally, but for me they would only be small scalps, since they go against my current bullish bias.