As we can see, price is starting to range and show some signs of buying exhaustion around its local highs, which is leading me to believe we will likely see a pullback sooner rather than later.
I have marked out every major level I’m keeping an eye on to see how price reacts. Each of these levels is either a prior point of liquidity on the VRVP or a prior BOS.
If all these levels are broken and we fall below $70k, then I’d expect the dump to continue back into the $67k-ish region.
None of these levels is more important than another. They are all points to keep a close eye on and could provide some strong short-term trade setups. Keep a close eye!
