source avatarJDK Analysis 🇪🇺

Share

GM ☕️ $BTC continues to consolidate just below key resistance: local VAH + monthly VWAP. The question remains: a top forming, or a strong breakout building?! (see linked post) OrderFlow shows new longs are opening into resistance, showing buyer intent. Price is also holding above the daily session VAH - for now. That intent needs to translate into upside follow-through right here next! As long as buyers defend this move above daily value, we watch for continuation higher. But the moment this attempt fails and price starts accepting back inside daily value, the focus shifts to a potential intraday short toward dPOC and dVAL, the failed auction setup 👀 For now, we wait and let price confirm the scenario. What we want to happen next is irrelevant! https://t.co/tZrhKbrJfM

No.0 picture
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.