#BTC# Update

Bitcoin pulled back until the previous ATH at 112k and did a full-retest. The zone between 112k and 116k was never traded other than wicks, so when 116k was lost as support, 112k was imminent.

Now, the zone between 114.7k and 116k will act as an LTF resistance. So when the price goes into that range, it is a good practice to take profits from our weekend longs and expect another visit to the weekend lows, and possibly into the box below the lows between 110.7k and 112k to go full long this time. 110.7k is the EQ of the 98k-123k range and also the lower high below the previous ATH that was visited for 3 times before the breakout. 112k was the previous ATH before the breakout.

The price broke above the declining trend connecting the dips, and just went above the Saturday high at 114k. I don't think it is an SPF and I expect continuation until 115k.

This is also in line with the 3-day liquidity heatmap. All the liquidity below has been swept and we should be going for a squeeze at least until the highlighted area at 115k.

TL:DR;

I think the weekend lows are in. The lows might get re-visited during the weekly trading hours.

If you are holding weekend longs for scalping, 114.7k-116k should be the zone you should be taking at least partial profits, and you should be expecting a re-entry between 110.7k and 112k during the week.

After the last sweep, I am expecting a very bullish August.