$BTC | Update (4H)

We pumped on Sunday and swept the previous local high around 69.3k. Sunday pumps usually lean towards a reversal around the weekly open, and that’s something I’m keeping in mind here, especially with price currently rejecting that 69.3k region after taking the liquidity above it.

If we continue to see rejection from this area, then a retest of 67.4k becomes very likely. Losing 67.4k opens the door for further downside throughout the week.

On the contrary, if we reclaim 67.3k and manage to hold above it while pushing higher, then 71.4k-72.8k becomes the next POI I’ll be watching closely for potential shorts. This is a key bearish continuation region, and it’s important we see a reaction there. Failure to reject that zone would likely shift the structure into a deeper recovery phase, with 80k+ coming into play.

That said, a clean rejection from the 71.4k-72.8k region would keep the HTF bearish structure intact and maintain the likelihood of revisiting lower levels like 64k and 62k.

Considering the current market sentiment where fear is still dominant, A push into that bearish retest zone before reversing back down would be the perfect setup to trap late buyers expecting continuation to the upside.

BTCUSDT

Διην.

69,672

+3.47%