BTC - CME sweep?
2024-09-23

BTC did it's local range high after CME open. We have an easier invalidation now, as we've seen this play out end of July and end of August as well.

If we are to roll over–for a small correction or bigger leg down–this would be the PA we've seen in the past.

Targets and levels remain the same:
- Bulls really want to hold 57.2 imo, preferable not even make it there; 60-61k retest would be well within expectations but line in the sand for strong momentum to maintain.
- Bears want 70k to be off limits, because that would mean actual break in structure within this 6 month downtrend on higher timeframes; 65k is internal and meaningless for bigger structure, but if we break above it and hold, I'm expecting those high 60s to get tagged and we battle for 70k.