Bitcoin has hit the biggest Volume Point of Control (POC) for the recent period at 67,300.
Focus on closing this week.
Because if we close below 67,000, the situation is grim and the previous two scenarios are off the table.
However, if we see a bounce and close the week inside the 8 yellow candlesticks, meaning above 68,000, the higher probability remains for a return to the 9 gray zone before continuing the descent.
The likelihood of reaching the beginning of the 8 pink zone becomes the highest probability.
$BTC
Focus on closing this week.
Because if we close below 67,000, the situation is grim and the previous two scenarios are off the table.
However, if we see a bounce and close the week inside the 8 yellow candlesticks, meaning above 68,000, the higher probability remains for a return to the 9 gray zone before continuing the descent.
The likelihood of reaching the beginning of the 8 pink zone becomes the highest probability.
$BTC