$BTC Pivot week 1/12 - 7/12
As predicted, the MZ range this week is narrow and lies within the MZ zone of last week => There is a possibility of a breakout, but the direction is still unclear. It could be both directions ^^
This morning, the price has dropped to the buying zone S1 of the week at 86k. If tonight the US session shows strong signals to bounce back from this zone, then the possibility of a breakout upwards, to test the Virgin VAH zones above.
However, if the price breaks below S1 of the week and no buying force is seen, then it may drop to S2, retesting the recent low and possibly going down to the target S3-S4 of the week.
That's it for now. For the monthly frame, we will have to wait for a few more candles to run before I analyze it further ^^
