$BTC saw a rejection around the $73,540 level, indicating strong resistance in that zone.
The higher-low structure near $69,000 has now effectively become internal range liquidity (IRL). Price often sweeps this type of liquidity before gathering momentum for the next directional move.
For the coming week, the plan is to watch for that potential liquidity sweep and see if a reversal forms near the range extremes after the IRL gets taken.
If price manages to hold current levels and eventually reclaim the $74,000 high, I’ll start looking for long opportunities.
At the moment, I still have some short positions running, targeting the lower end of the range around $66,800 for potential profit-taking.
What makes this approach comfortable is the defined risk structure, even in a worst-case scenario, a 10% drawdown simply means losing the initial purchase cost, which helps keep trading pressure under control.