BTC is consolidating against the HTF range-high. Bitcoin is in a state of indecision here, buyers and sellers are agreeing so price ranges locally. This always happens before the market decides the next directional move, so being patient pays off. Yesterdays long got stopped BE in little profits as there was no follow through, like we discussed. In consolidating PA like this, there are always two scalps available due to the fact we're in indecision. Quick scan of the markets shows that DXY is slightly up, OIL down, and yields up, which leans to bearish sentiment. A sweep into the 79.5K region is valid for a scalp-short, and another test of the 77.7K region is valid for scalp-longs. If I'm going to trade these conditions, it will be approached as short-lived scalps. Since we're trading at the HTF range-high + record number of short liquidations, looking to get into a short makes sense. Best case the short gives a clean trigger and we can hedge it with a long. It's London session now, so I'm waiting on NY to give clearer signs about the markets.(Lennaert Snyder)