If BTC has enough momentum to push into the 82–84K region again, I will be activating a 50% hedge short. This will only hedge half of my continuation long, not my full spot or swing exposure. My lower entries are still roughly 20% below current price, so I see no reason to hedge those if the macro bottom is already in. The hedge is simply there to protect the most recent long while BTC remains range bound. If we sweep above the external highs, then reject and accept back into the range, there is a strong chance we see another move down to sweep the lows. On the other hand, if BTC can decisively reclaim and hold 85-86K, there is very little resistance between there and the 88–95K region. So... if BTC gives another entry in the low 70s, I would not hesitate to look for longs again. The current range is playing out my plans far quicker than I expected. So we will have to see.