$BTC Monday’s high (TBC) will be a key reference point heading into the next few sessions. Tuesday’s session should provide greater clarity, any move above Monday’s established high and into the region of poor highs, NPOCs, or single prints will be important to monitor. 107.5s or 108.5 key points of interest in terms of reaction / inflection. Personally watching for signs of buyer exhaustion, particularly if the move higher is driven by short covering with a lack of passive bid supporting the move etc... Should we see acceptance back below Monday’s high, that would open the door for a potential mean reversion move back toward the 103s and possibly lower into prev weeks low. Should that happen - I'd be interested in longs again.

Not ruling out the short of course...