BTC Update: 1. As mentioned in last analysis price pumped at bit before weekend and immediately faded the entire pump at closing
2. It even went below 39200 which was a good short scalp.
3. This was a spring or a fake breakdown of the range trapping late shorters and immediately getting back above.
4. This move trapped late shorters which led to a liquidation cascade which liquidated almost $37m short in about 1.5 hours.
5. Now price is back in the range expecting some resistance at 41.6k and major resistance on LTF to clear to go towards 45k is still around 42.2k
6. And again if it gets rejection and breaks down with confirmation major support zones looking for a good bounce are around 35.5-36.5k
7. Play according to the range and as price develops. Don't get trapped in a move.
