$BTC Update As anticipated, $BTC has retraced to around $84xxx, but it’s currently being firmly rejected at this level. My outlook hasn’t changed: I believe the remainder of this year will see $BTC and the broader market remain range-bound, with a significant upward breakout from here being quite unlikely. At this point, there’s no compelling evidence to alter this view. So why have we been able to accurately identify levels like $84xxx, as well as previous support and resistance zones? While I use a combination of tools and indicators, the simplest and most practical one is VWAP.
