Last weeks high: $79,477.16
Last weeks low: $73,733.19
Midpoint: $76,605.17
Another week of positive price action from Bitcoin as the weekly high clocks in just under $80k, a very key level of importance. What happens now should be monitored very closely as the larger directional bias remains bearish but on the lower time frame it's bullish. This looks and feels very much like a bearmarket rally and so it should be treated as such until proven otherwise. For me that invalidation of a bearmarket rally would be a flip and acceptance above $82,500.
Should BTC climb above that level I will be looking into how the orderbook reacts, specifically looking at the supply zone structure and what it means for momentum. If it's clear that buyside pressure is being absorbed despite rising volume then the chances of rejection grow. However should their be a spike in sellside pressure at the level but buyers are happily buying what the sellers are selling then i'm seeing signs of a shift in momentum and therefor a bearmarket rally turns into potentially something else entirely.
Last weeks low: $73,733.19
Midpoint: $76,605.17
Another week of positive price action from Bitcoin as the weekly high clocks in just under $80k, a very key level of importance. What happens now should be monitored very closely as the larger directional bias remains bearish but on the lower time frame it's bullish. This looks and feels very much like a bearmarket rally and so it should be treated as such until proven otherwise. For me that invalidation of a bearmarket rally would be a flip and acceptance above $82,500.
Should BTC climb above that level I will be looking into how the orderbook reacts, specifically looking at the supply zone structure and what it means for momentum. If it's clear that buyside pressure is being absorbed despite rising volume then the chances of rejection grow. However should their be a spike in sellside pressure at the level but buyers are happily buying what the sellers are selling then i'm seeing signs of a shift in momentum and therefor a bearmarket rally turns into potentially something else entirely.
ノート
So far today the message is clear, the bulls are not strong enough to flip the weekly high as it stands and have retreated to the midpoint which is a pattern quite commonly seen. 
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免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。