bitcoin:native rejected the range-low and bounced back to 78K. Yesterday was a nice day, 1 win on the momentum short and one BE. Looking at scenario's today, Bitcoin bounced from our 76K long-POI as discussed this week. If you're in the long, I'd cover your stop to BE and take some profit off the table. I missed the initial long-entry because my limit was a bit lower, but luckily I could scale-in early this morning. The 76K region we discussed is also the VAL of the range, and since we rejected it, I'm targeting the 79.4K range-high/VAH of the range for the longs. If we get the sweep into the 79.4K VAH I'm looking for short-triggers. BTC took out the PDH, so holding the 76.2K PDL today is in a statistical advantage. It's London session now, and DXY already made a drop that's equal to an average daily move. Due to this drop, risk-assets got some breathing room, and I wonder if NY-session will continue this momentum or reverse. Jobless claims are coming in this NY-session, so I'm covering my risk before in case we see a reverse (we know NY-session loves to retrace London-moves).(Lennaert Snyder)