$BTC - The price is currently breaking below the high-timeframe support range marked in purple, aligning with the 0.786 Fibonacci POI at $65.9K, which has been a strong reversal spot over the last couple of months.

This is exactly why I said I won’t scale out of my hedges until there are clear signs of strength confirming that the bottom is durably in, such as the price breaking back above the 1D Bull Market Support Band, which has been a strong reversal spot over the last couple of months.
For now, my overall stance remains the same.
I remain hedged and prepared for further downside until clear signs of strength emerge either on the Velo Data or in the market structure that would confirm the bottom is in and that the most likely outcome from here is a reversal to the upside rather than a continuation of the high-timeframe downtrend.