BTC - what's first? $50k or $42k?

BTC has just swept the highs and is now moving back towards it's earlier low.

A lot of people will have stops placed under this low and there is plenty of liquidity between $42-43k.

If price closes below the 40 EMA it is quite likely it will move towards the green box and sweep the lows. A sweep of the lows is also equal to a 0.38 retracement.

Once the lows are swept expect a push up to 50k.