$BTC is poised to retest the demand zone within this nearby range, aligning with the 2-hour 100EMA. I'll keep a very tight stop loss (0.5%) as I anticipate potential downward movement if we breach the grey box, aiming to sweep liquidity below the RLs.
If we head towards sweeping liquidity below the RLs, I'll consider bidding between $49,900 and $50,300.
Let's observe how it unfolds.
