Price is starting to show resistance at the daily supply zone, but there might still be some juice left in the tank.
Price: Fresh demand was created on the recent push-up, and I’m expecting a rotation back into that POI soon.
From there, we’ll need new weekly highs to keep this week’s bullish momentum alive. If that happens, I’m targeting at least the 90% weekly confidence target around 114K.
If we fail to put in new highs, I’m watching for lower prices, with a possible revisit of 107K, or even deeper into the 102–106K demand range later this month.
Time (Weekly): ✅ 29% chance to take out the weekly low ❌ 94% chance to take out the high if the low holds ➡️ Bias: slight bullish
Time (Daily): ⚠️ 35% chance to take out the daily high ❌ 99% chance to take out the low if the high holds ➡️ Bias: neutral
Distance (Weekly): ✅ 28% chance to take out the low ❌ 99% chance for more displacement ➡️ Bias: slight bullish
Distance (Daily): ⚠️ 39% chance to take out the high ❌ 100% chance for more displacement ➡️ Bias: neutral
Plan: I’m watching for a pullback into the hourly demand for long setups.
Flipping yesterday's high would confirm bullish continuation. If we fail to do so, I’m ready for a deeper retrace into lower demand zones before any significant upside.
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$BTC
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Price is starting to show resistance at the daily supply zone, but there might still be some juice left in the tank.
Price:
Fresh demand was created on the recent push-up, and I’m expecting a rotation back into that POI soon.
From there, we’ll need new weekly highs to keep this week’s bullish momentum alive. If that happens, I’m targeting at least the 90% weekly confidence target around 114K.
If we fail to put in new highs, I’m watching for lower prices, with a possible revisit of 107K, or even deeper into the 102–106K demand range later this month.
Time (Weekly):
✅ 29% chance to take out the weekly low
❌ 94% chance to take out the high if the low holds
➡️ Bias: slight bullish
Time (Daily):
⚠️ 35% chance to take out the daily high
❌ 99% chance to take out the low if the high holds
➡️ Bias: neutral
Distance (Weekly):
✅ 28% chance to take out the low
❌ 99% chance for more displacement
➡️ Bias: slight bullish
Distance (Daily):
⚠️ 39% chance to take out the high
❌ 100% chance for more displacement
➡️ Bias: neutral
Plan:
I’m watching for a pullback into the hourly demand for long setups.
Flipping yesterday's high would confirm bullish continuation. If we fail to do so, I’m ready for a deeper retrace into lower demand zones before any significant upside.