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Bitcoin update & Hyblock Heatmaps
BTC bounced from the golden pocket, reclaimed the 4hEMA50 & POC, and is now sitting just below the value area high.
These are the two levels I'm keeping an eye on:
119.5k to the upside (VAH),
118k to the downside (4hEMA50 & POC).
Flip 119.5k close-wise: new ATH is very likely.
Flip 118k close-wise: 113k as main downside target gets likely.
113k: CME-gap would be closed, Hyblock liquidations, 0.786 Fib.
-> Doesn't need to get hit now. But if the price is going lower, this is the area I would look for max longs.
Have a great start into the new week and see you soon!