BTC start of a new month. First thing I immediately notice, is that the 72.5K previous monthly low is an important level right now. Losing it means we have a strong bearish confluence on Bitcoin for this month, and gaining the 82.5K PMH would be unlikely. The PML is also the PWL obviously, so losing it would indicate that gaining the 78K PWH this week is unlikely. So my ideal short scenario would be to lose the PML/PWL, get a nice high retest in the range with the 78K PWH as rangehigh, and short it to new lows. On the other hand, if we hold the 72.5K PML/PWL and get a nice bullish reaction, I'm longing the continuations. The imbalances I drew are short POI's either way, so definitely watching triggers there. Longing the bounces after losing the PML/PWL is also possible, but it would be scalp for me since it's counter-trend. Good luck everyone, new month so a fresh reset.(Lennaert Snyder)