$BTC: where I'm covering shorts

Setup

$BTC range-bound $74-79k. I've been short from $78.2 carrying a 1.8R unrealized.

Levels

• $76,800 — first cover, ~40% of position. This is the prior swing low.
• $74,200 — second cover, another ~40%.
• $71,000 — runner. Below here I flip directional bias.

What I'm watching

1. ETF flows — outflows two days running. Need to see a real flush.
2. Funding — perp funding still slightly positive. Want to see negative.
3. $ETH/$BTC — if ETH catches a bid here, alts pump and we're going up.

Not financial advice. I'll post a follow-up if my plan changes.