$BTC

Compressed inside the weekend range with liquidity being built on both sides, and the market already swept both ends of it.

We saw a clean move lower that swing failed the market structure low, followed by a quick rotation straight back to the other side of the range.

Price is now approaching the supply zone where a lower high leading into a lower low remains the most likely outcome until proven otherwise.

That said, I am not ruling out more upside either. The move lower cleared the downside magnets from a TPO perspective, which gives a pretty clean invalidation for longs as well if local confirmations show up.

If price fails to hold, the DPOC below $64k is the first target.

Game plan;

Look for local weakness inside the supply zone for potential shorts, ideally through a local three drive or after internal structure shifts back to bearish within the range.

Look for longs on a retrace, but the triggers need to be very clean.

For now, the daily low looks relatively strong, while the London highs remain likely to be taken.

Interesting levels to work with.
#GateSquareAprilPostingChallenge