Bitcoin: Native Within its internal structure, it has formed a new higher high. Although it has quickly filled the imbalance zone to the bottom after each rally, the current structure suggests that this consolidation may be followed by another upward leg. The red line (85.1K) is the most critical level to break ahead; expecting local highs to reach the 90K range without a candle closing above this zone would be overly optimistic. While I’m not currently expecting a new low, in such a scenario, I would have alerts set around 77.7–78.5K. During days when price moves so tightly and lacklusterly, following @TraderLeevis’s analyses has been incredibly helpful in understanding the market through different metrics and perspectives. This work can be lonely, but it’s a relief to have people like this around :)
Cem Karademir | GunslingerShare

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