bitcoin:native is consolidating after a rejection of the HTF range-high. Bitcoin is forming a range locally after it had its bearish response to the FED's hawkish comments. Orderflow shows bearish signs within this local range, with spot & perp CVD showing dominant sellers. As of now, we see a little bounce on BTC as DXY and treasury yields are cooling off a bit after a huge pump. For now I'm approaching it as a retracement since the tone is still hawkish and the chance of a September rate hike is rising. My short limit at 78.8K got filled, normally I don't take positions during the weekend but this was a HTF-entry so worth it for me. I'm leaning more towards the scenario of pullback towards 74.5K & possibly 72.4K mid-range. This doesn't mean I'm bearish, as long as we stay above 70.3K the momentum is clearly bullish. We're trading in the local mid-range here, so not forcing entries here. A riskier short to get more exposure to the downside is a higher retest towards the 79.4K PDH. If we get a nice rejection of 79.4k I might add a scalp, it's risky because it is a continuation on a Sunday-candle. The 4H wick above those grinding highs at around 80.4K is still valid for shorts. But price could leave that open for a while of gears up for a pullback here. Those 4H wickless candles I marked are good for TP's and possible longs, more confluences add up there. 72.4K mid-range has my preference to look for HTF longs, also the 50% weekly candle at 70.3K would be very interesting to retest for longs. Just letting my short run from here and possibly adding at higher prices. No need to force anything, just wait of your edge/setup and execute accordingly. Hopefully NY-session.(Lennaert Snyder)