According to @CryptoMichNL, BTC failed to produce a clear breakout and swept prior levels, so the trading plan remains that bulls need a decisive move above 88,000 to regain momentum (source: @CryptoMichNL). He states that if 88,000 does not break, liquidity magnets sit near 83,000 and 80,000, making these the key downside zones to monitor for potential fills and reversals (source: @CryptoMichNL). He also assesses the bottom is relatively near and warns of elevated intraday volatility because it is the annual VIX expiration day, which can impact crypto order flow and slippage (source: @CryptoMichNL).

According to @CryptoMichNL, BTC saw a clear rejection, keeping the lower-timeframe downtrend intact. Source: @CryptoMichNL. He states that only a clear breakout above 88,000 would signal renewed upward momentum. Source: @CryptoMichNL. If that breakout does not occur, he expects liquidity tests around 83,000 and 80,000, with this week’s macro events potentially acting as catalysts. Source: @CryptoMichNL.