BTC - Points of interest
2024-12-09

Three places that I'll keep an eye on

1. Local demand zone (Blue box): most obvious place, swipe all weekend stops and retest local demand. Would be most bullish scenario if we bounce here.

Idea would be to wait for some kind of ltf lows holding, ltf imbalance, then position aggressively after the imbalance with stop below it.

2. Retest the demand that took us above 100k (green box): While we have a huge wick going through this zone, I see that mostly as a liquidation cascade and quick buyback so imo it can be disregarded for watching future long POIs. 93-94k demand is what took us to above 100k, I'd like to see some bullish price action on a potential retest there.

In a deeper retrace like this I'd like to look for ltf structure shifts.

3. Bearish retest of Friday supply zone. This is always conditional: we need to see price reject on ltf and have a clear invalidation, especially if we're dealing with slow grind buying.

Wait for slow grind to push into horizontal resistance zone, then fail to push through, position in imbalance.