BTC reacts bullish after the NFP release. NFP came in lower than expected, and risk-assets like Bitcoin and indices reacted with a pump. Unemployment claims tell a different story though, so markets are not automatically bullish. The question now is: will this impulse get acceptance and follow through? The good sign is open interest spiked with this move + volume is coming in, so finally out of that boring chop. Price now tapped into my intraday short-POI, so I'm watching for triggers. The short will be approached as an exhaustion trade, so taking profits more conservative. I zoomed out so that the HTF picture is more clear, and you can see we've been building liquidity until 68.1K for quite a while now. Therefore 68.1K is my HTF target for a short-squeeze to then look for bigger short positions. Too much liquidity below to long for me, so I need to see a dump first. Still positioned in my shorts from 67K, not closing them until they hit BE.(Lennaert Snyder)