Khem69

BTC
76s two week compositive value area lows was key as mentioned previously with belief that we see an impulsive move lower towards monthly value area lows around 71.
Sellers continue to remain in control since losing the current developing monthly VWAP.
The daily profile shows continued bearish migration, as sellers defended the 76.2k–76.5k area overnight and drove price below daily value.
As long as acceptance remains below the 76.5k resistance area, the auction is likely to continue lower barring any short covering rallies, targeting the single prints and inefficiency around 73k, confluent with previous months vwap.
From an EMA 12/25 perspective price is below the HTF bands from the H4, Daily and Weekly.
Overall thoughts: If it looks like a range, trades like a range then it probably is a range - with some good rotations to trade over the coming months - flowing with the overall shift in context is key.
I'm remaining swing short from 81.5s and will look to trade the market on both sides from an intraweek perspective whilst letting the swing short play out until its time to shift context.
Cheers