$BTC Yesterday, price wicked below the monthly Value Area Low but instantly retraced back into fair value.
This is a clear sign that, at least for now, market participants are not ready to accept lower prices.
I now expect a retest of the monthly POC at around 63k.
How price reacts there will likely determine whether we revisit the VAL at 60.5k again or expand higher toward the VAH at around 65k.
This is a clear sign that, at least for now, market participants are not ready to accept lower prices.
I now expect a retest of the monthly POC at around 63k.
How price reacts there will likely determine whether we revisit the VAL at 60.5k again or expand higher toward the VAH at around 65k.