BTC is struggling to keep price above 64K. As I said yesterday, the 64K level is an important momentum level for the week. Bitcoin is grinding upwards leaving ugly and choppy PA behind, not a solid foundation to long from. During this ugly buildup, open interest stayed flat, so a sweep is probable. I'm well exposed to shorts as I mentioned earlier this week, so I'm willing to look for a hedge long beneath the liquidity buildup around 62.9K. This long serves as a hedge, if you're not positioned short please note that's it's a riskier play due to counter-bias. One final short-opportunity, if you're not positioned, could be the sweep of the PDH and retest of the 65K region. My targets for the shorts are still those equal lows and the 60K region as final target. If we test the 65K region and don't see sellers stepping in + consolidating PA, I'm staying out.(Lennaert Snyder)