Notice what happens when we broke below the Key Levels I pointed out 👇

Closed below VWAP on H1
Following H1 Candle High = Retest of VWAP from the downside

Exactly the same for the 50% Levels once we closed below, the following candle comes back and retests old key support from the downside exactly

Unfortunately I’ve been asleep while all of this took place but the fact shows the levels I’m using are key levels

Shooting my shot trying $BTC longs here at 85K after this Asia /London hours sell off

SL below 83.5K - 83K

High Risk

CME Gap

60% filled

SP500 cleared key sellside liquidity below the equal lows. Overall right inside of the golden pocket zone.

We don't want to see a breakdown here as it would confirm the weekly timeframe lower higher aka bearish higher timeframe market structure.

https://www.tradingview.com/x/dt2eP4Fi/

The $BTC CME Gap has been filled

Alright alright time for a quick update…

We did break below the rising wedge shared 3 days ago.

Relativley speaking $BTC is holding up better than the stock market.

Tradingview:
https://www.tradingview.com/x/Jfv21OYu/

BTC vs. SP500 Side by Side

There's still little bits of hope left in me in case we double bottom low here but my rationale side is telling me a SP500 bear market is upon us...

BTC Global M2 (108 Day Off-shift)

As presented by Colin Talks Crypto in this video https://www.youtube.com/watch?v=ZO1ZtptDu-w&t=22s using a 108 day offshift leads to the highest correlation between Global M2 and BTC.

This would suggest that April is gonna be an even harder month to holdl through before we start moving to the upside again around the 1st of May.

Indicator:
https://www.tradingview.com/v/3Ve9WVQk/

This would be the Global M2 as leading indicator short setup.

First entry around here
Sell Limit at $84,500

SL above $88,000

New Week New CME Gap Fill

Two Scenarios, 1. rejection from the 50% Level / CME Gap Fill followed by continuation lower.
2. Bounce / Reversal


https://www.tradingview.com/x/jAu0RVss/

First Week of the new Month always Includes NFP News Releases on the first Friday of each Month.

Preferrably we're trading lower until Wed form a low on Thursday and rally on Friday.

If we rally early in the week chances are less likely to follow through on Friday NFP Data.

It's also Tariff Week so be mindful for now we're better off scalping instead of holding over multiple days.

$BTC Daily Timeframe

Bearish:
HH - HL Structure Broken:
Bearish FVG & IFVG + VWAP from $84K - $86K

Bullish:
W Formation (Double Bottom) on 4H Timeframe with potential MSS after retracing into the Golden Pocket Zone of the March High - Low Range