The US dollar is perking up and stocks are rolling over. Yesterday closed below $106,700 and today's intraday PA is likely trapping buyers. Entered on the sweep of the high just a few moments ago.
The idea is very simple. If BTC closes today below $106,700, I stay in the short with targets at $103k and $98k. Level by level.
If BTC closes the day above $106,700, I'm out. Keeping a relatively tight stop with the conservative invalidation, making it an 8R idea.