The long setup posted on Apr 2 played out exactly as mapped. Price swept the 65k liquidity zone, reclaimed 66k, and has now squeezed all the way to 71,700 filling both daily gaps on the way up.
That move is done.
Price is now trading inside the 72-73k daily gap zone which has been resistance since the top. RSI pushing 70 on the 4h, momentum extended after a clean 6k squeeze from the lows. This is where the easy money ends.
I am now short from this zone.
The reasoning is simple. Overbought 4h into a daily gap with two of the most important macro prints of the month still ahead. FOMC minutes tomorrow at 2pm and CPI Friday morning. Hot CPI would be the catalyst to flush everything that just pumped right back down.
If this zone rejects the first targets are 70k daily gap fill, then 68-69k, and if CPI comes in hot 65-66k becomes the full retrace target.
Invalidation is a clean acceptance and daily close above 73,713. That flips the daily gap into support and opens 75k.
Shorted into resistance. Risk defined. Letting macro decide the next move.