$BTC

This daily close is going to be important.

We’ve had 2–3 days of LTF chop and have bounced around 10 times off 69.3K. Now we’re sweeping the current weekly range high.

If we can’t flip this area, it’s pretty textbook that we bleed back down.

I’d also keep a close eye on the daily open at 70.5K. If that level breaks, it likely confirms that this move up was simply a liquidity sweep above the weekly high before a move back down toward the 69.3K lows.

So the key now is watching for acceptance:

Acceptance above > opens the door for a move toward 74K+.

Acceptance back below > likely continuation down.