BTC is currently trading around an important area, and the short-term setup is starting to look interesting.
The first area I’m watching is around 64K, where the Anchored VWAP and the main Volume POC are located. This should be an important reaction zone if price moves higher.
From my perspective, the next move up could potentially be the final wave of the current Diametric structure. If BTC manages to reclaim the 64K area and hold above it, there is also a possibility for the move to extend higher.
The Volume Footprint is supporting this idea as well. Selling pressure has been gradually weakening during the recent decline, which suggests that sellers are becoming less effective around the current area.
So for now, I’m watching for a temporary bullish move toward the 64K region, with the possibility of extending higher if buyers gain more control.
However, I currently see this move as temporary rather than the start of a larger bullish trend. Once this final upward wave is completed, a bearish reversal becomes the more likely scenario, with BTC potentially moving below the recent lows and creating new lower lows.
The short-term bullish idea remains valid as long as price stays above the marked invalidation level on the chart.
What I’m watching:
Possible rebound toward the 64K area
Reaction around the Anchored VWAP and Volume POC
Whether buyers can reclaim and hold above this zone
Weakening selling pressure on the Volume Footprint
Completion of the potential final Diametric wave
The first area I’m watching is around 64K, where the Anchored VWAP and the main Volume POC are located. This should be an important reaction zone if price moves higher.
From my perspective, the next move up could potentially be the final wave of the current Diametric structure. If BTC manages to reclaim the 64K area and hold above it, there is also a possibility for the move to extend higher.
The Volume Footprint is supporting this idea as well. Selling pressure has been gradually weakening during the recent decline, which suggests that sellers are becoming less effective around the current area.
So for now, I’m watching for a temporary bullish move toward the 64K region, with the possibility of extending higher if buyers gain more control.
However, I currently see this move as temporary rather than the start of a larger bullish trend. Once this final upward wave is completed, a bearish reversal becomes the more likely scenario, with BTC potentially moving below the recent lows and creating new lower lows.
The short-term bullish idea remains valid as long as price stays above the marked invalidation level on the chart.
What I’m watching:
Possible rebound toward the 64K area
Reaction around the Anchored VWAP and Volume POC
Whether buyers can reclaim and hold above this zone
Weakening selling pressure on the Volume Footprint
Completion of the potential final Diametric wave
Сделка закрыта: достигнута тейк-профит цена
Заметка
A daily close above the POC would favor continuation toward the $66K–$67K region.
See the market differently — ongoing NeoWave analysis, structure changes, and major updates: theonepct.substack.com
Telegram updates: bit.ly/TheOnePcT
Telegram updates: bit.ly/TheOnePcT
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Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.
See the market differently — ongoing NeoWave analysis, structure changes, and major updates: theonepct.substack.com
Telegram updates: bit.ly/TheOnePcT
Telegram updates: bit.ly/TheOnePcT
Похожие публикации
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.