$BTC — time for an update. What happened: Sunday's outlook had the bear case at $70–70.8K if $73K broke. That played out during the US session, price lost the $72–72.5K area I was watching for a bounce and flushed straight through to the target. Current situation: Now sitting at the top of the long liquidation cluster with equal lows just below at $70.5K. That's the line. Lose it and the next significant area is $65.5–66.9K, Feb range POC/VAL and the origin of the entire March uptrend. Orderflow: Locally the orderflow is shifting. Orderbook flipped highly positive, spot CVD starting to turn up. I'm still expecting a bounce from here, but the structure is a little weaker than 48 hours ago and I'm treating it accordingly. One thing that stood out: Alts held up remarkably well through this flush. That divergence usually means ETH outperforms BTC on the recovery. ETH/BTC worth keeping an eye on. $72.6–73K is now resistance. That's what needs to be reclaimed before the structure changes. We also still have those very interesting poor highs ~74.3k which could be an easy major target for a bounce. Until then, taking it level by level. Will keep updating as we get a reaction. #BTC #AnthropicFilesForIPO #HYPEStakingETFLaunch #USIranOilRisk