$BTC
No changes to my swing short.
Trimmed the add from 78K to improve avg entry (74.6K > 76Ks) while keeping original size intact.
SSL unchanged. I am seeing early LTF exhaustion, EQHs formed, local trendline broken, and heading into a historically weaker period (May).
Bias: downside into low 70s, with 67.3K CME gap as the main target. (Approximately in a few weeks)
PA suggests liquidity is being trapped, slow chop around highs.
Overall, not seeing anything unexpected.
$BTC
I absolutely refuse to believe that $BTC bottomed at $60K.
Purely based on cycles, math, historical price action.
Every bear cycle has revisited/swept its previous low before pushing higher which means sweeping 60K within the next few months is still very plausible based on historical data.
Do I believe this time is different? No. The same people who thought that at 120K ended up rekt.
So Im going to stick with history & History shows that bottoming within 123 days is absurd.
I nailed a full year of PA by studying history, not by forcing skeptical theses that ignored it. Markets leave patterns.
This is the relief bounce to get people to question whether the bottom is in or not.