BTC – big weekBitcoin / TetherUS PERPETUAL CONTRACTBINANCE:BTCUSDT.PTealstreetBTC is also sitting at a very obvious important level, from chart pov. We can only map some important levels, and see how price reacts. Ideally for bulls, the lows here get defended and we push back into 120k. There is a clean imbalance that would act as a magnet for price, after which we can keep on consolidating in this range and eventually break up. A sweep of the equal lows is possible, but I'd really like a very strong reaction out of that. If we fall back into the range, there isn't really a clean volume distribution to mark a poc from (many almost equal high volume nodes, both on perp and spot pairs). In any case, if the range doesn't give a swift reaction, it looks very like that we'll trade back into the 90k zone. Below that, are worries for if it gets to that. Shorts for me are either on a strong flow during breakdown of the lows here, or a fast short squeeze into 117k, then distribution and stalling.