$BTC shorts Weekend highs taken, with magnets below. Re-shorted. Alright, TP'd low Yesterday, now price is back high, taking out the weekend highs. Nothing unexpected. Genuine weekend highs are common magnets often taken out the next week. The market didn't hesitate one moment, also taking out the rest of our position with it before hitting lower targets unfortunately, leaving us with not much gains after taking profits at 78k Yesterday. The question now remains, is the short idea still valid? Is the FOMC reversal invalidated? Is it still worth countertrend shorting given my bullish bias? Lots of question but doing analysis helps answer those. The FOMC is still not invalidated, for starts, the high has not been taken yet although close. And arguably, if the high getting taken results in something like a sharp drop of OI (short liqs), no spot push and some trappy structure such as local bullish perps CVD, just to fill more shorts (a trick to trap amateur order flow watchers), then the validity still holds up, and in rough lines on coinalyze that is starting to show up. If you have access to footprints, you can also see the repeated trapped "fake" shorts in the local wicks. Never trust order flow alone though and never trust sentiment alone, always compare both. But it's funny that some iconic bears are quiet now and expect a push to 80k/81k+. Funding is also catching up with order flow where it suddenly shifted positive over the close of the weekend. We still have magnets below too, meaning CME close and 75k. So, given there is still a lot stacked against the favour of the bulls (as per usual, we'd need an FOMC high break, plus spot bid with conviction/a local trend with local lows holding to call a breakout), and given our plan of a short, yes, it makes sense to try another short and that is exactly what I have done. So, can't be bullish just yet, it's just about persisting, choosing good entry points and then monitoring for follow through to whether we should take profits locally or hold for longer. But as long as an idea still remains, action should be alongside that idea. I'm sure we all want a breakout, higher prices and our runners to finally print. So do I. But I'm going to keep trading the range until I see otherwise. We're close to breakout IMO, but still not there yet. Countertrend moves can still pain (the delay as well as late longs). So no expectations or emotions allowed, only following the plan is allowed in my personal book.