$BTC 📈 Price is struggling to hold very important support (rVAH + key TL) as bearish news continues to hit the market (Hormuz blockade). OrderFlow shows a decisive break below with intent (spot selling + new shorts opening). As long as price remains below this lost support level, the outlook is very bearish. But a reclaim the lost support level → failed auction, trapped shorts below → opens the door for a larger move up to fill the inefficiencies discussed this morning. → Bias remains bearish as long as price trades below rVAL and the key trendline. A failed auction (FA) still presents a potential long trigger. (NFA!) #Bitcoin #BTC
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