Market Update:

Since the weekly open, #BTC! has been retracing towards last week's lows. The Developing Month Value Area has shifted at $41000. The recent 4-hour candles are struggling to maintain this level. If $41000 turns into resistance, a rapid move to at least the Previous Week Lows $40280 is likely.

Monitor how the Monday range unfolds and whether Grayscale's outflow persists once the US session opens in a few hours. Stay attentive to market developments.

Hold your short position until 38.6k or bullish update from me.

Thankyou.

$BTC