Another chart to consider. If you read my update on $BTC earlier, you'll know there are specific invalidations for the continued risk-on scenario. To be clear, current mindset is still "risk on" and looking for opportunities for upside. However, there have been some warning shots fired with the recent price action on the daily at least. This post focuses on it not being over (for now). Where we hold the Weekly Imbalance. If we consider this channel: - Trading sideways until around September is okay - Trading higher from this Weekly Imbalance is also okay The longer it takes, as with any diagonal resistance, the higher we go - but the next key area based on this chart would be 138k - 146k between October and Mid December. Again I must emphasise, for the above to remain valid, the weekly imbalance in pink needs to hold on a weekly closing basis. Wicks below are acceptable.