ETHBTC has repeatedly failed to break a key S/R level (blue dashed line) and has been hanging in a bearish OB. We are seeing bearish regular divergence on the RSI with a more neutral bearish reg div forming on the CMF. If we see the RSI break below the horizontal line shown, it would confirm an RSI bearish failure swing.
I expect a short term retest of the local support (green dashed line). However, I expect we could see the MM try to push price below this local support to run stops and create liquidity for long orders.
Short term plan would be looking to take profits at this local support on some portion of my position, to reevaluate the status of BTC and ETH at that time. Ultimately, I would like to accumulate long positions near the next daily support at the top of the bullish OB. Dips below this daily level into the bullish order block could be an attempt to catch late short sellers.