SPX6900 4H – Balance Before Expansion?SPX/TETHERUS PERPETUAL CONTRACTWEEX:SPXUSDT.PQuietCatalystPrice remains mid-range, rotating around the POC inside a well-defined 4H range: Range Low: 0.2695 Range High: 0.3596 This balance follows a prolonged downtrend that began at the end of July. The impulsive sell pressure has stalled. The next expansion will determine whether this becomes accumulation… or continuation down. * Tomorrow is the final trading day of February. * US Core PPI releases at 08:30 EST. (Brief volatility) Positioning flows into month-end + a macro catalyst often resolve compression structures. Price reaction is what matters. Historically, major BTC bear phases have extended to one year and beyond. We are ~140 days into this drawdown. A sustained continuation lower remains statistically viable. The market does not owe anyone a reversal here. This could be a base, but may not be. The confirmation will come from price action at key levels. This is what I'm looking for; Long 1 – Deep Liquidity Sweep If price sweeps and then rejects either: * 0.2700 * 0.2530 (Invalidation: Acceptance below 0.2530) Targets: * 0.3170 (POC) * 0.3600 * 0.3950–0.4000 Extension (if bullish continuation sustains): * 0.4540 Long 2 – Break & Retest If price: * Breaks and retests then closes above 0.3300 Targets: * 0.3600 * 0.3950–0.4000 * 0.4540 on sustained momentum Short Scenarios If price rejects: * 0.3300 * 0.3600 * 0.3950–0.4000 With clear 4H failure and loss of POC: Targets: * 0.2700 * 0.2530 A failed breakout above 0.3300 that immediately returns inside range also favors range-low rotation. Wrap Up: Mid-range trades offer poor R:R and are avoided unless momentum clearly shifts. This is compression. Compression resolves. The only question is in which direction. I’m preparing to respond to these levels. --> Tighter entries/exits on lower time frames. Holding steady until confirmations. $SPX6900