$BTC Update
The bearish sequence remains intact.
> This morning we discussed the Golden Pocket as the key reaction area within the corrective box.
> At the same time, yesterday's positioning analysis showed that the largest individual short (~$160M) sits around $64.5k
That's exactly why these levels matter.
Price traded cleanly into the zone and reacted almost perfectly just ahead of the GP, right at the liquidation level.
Why didnt trade it?
Today's FOMC creates an unusually uncertain environment. While a surprise hike would strengthen the dollar and favor my existing shorts, these events are often dominated by positioning-driven spikes and rapid flow shifts, making even good-looking setups less reliable.
> That's why I'm not looking to increase risk and sit on my hands
> My BTC and ETH shorts remain open with good profits booked and SL on entry
We're currently trading between the mrPOC and my reaction zone. For the sequence to play, I want to see acceleration lower out of this corrective area, followed by a break of the recent lows toward my target zone.
Until then, patience. FOMC changes the probabilities, not the plan