$BTC | Update (4H)
We’re currently trading inside the Bearish Retest Order Block, with price holding the lower boundary of this OB on the LTF. As long as this holds, it keeps the door open for a potential sweep of the previous day’s high around the 72.7k region.
That 72.7k area also lines up as a key bearish continuation level on the weekly. For downside continuation, we need to see clear acceptance below it. A reclaim above it, however, opens the path for a push higher into the 74k-80k range within the month.
Personally, I’m leaning towards a rejection from this level, given the strong impulsive move to the upside yesterday, which left behind a noticeable imbalance that’s still unfilled.
Towards the downside, my first target for a bullish retest sits around the 70.2k-69.3k region. Losing this zone would expose lower levels such as 67.3k & 64.9k where we still have untapped liquidity resting below.
{future}(BTCUSDT)
