$BTC HTF 📈 Price is accepting back into value, spending time and building volume below the VAH (~76K) - that is very bearish. It’s also failing to hold the AVWAP anchored from the absolute low, which acted as major support throughout prev. cycles. The move up was fast and inefficient, and buyers couldn’t defend the breakout above value. That opens the door to a much deeper retracement. Levels I’m watching next on the HTF: ~69K–67K: Golden Pocket, confluent with the irHigh. First key reaction zone. ~64K–61K: Range POC and VAL. The full rotation target if the GP doesn’t hold, after losing VAH. Lose the VAL and you can expect new lows to come... What’s your expectation for the next move? 🤔
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