$BTC The HTF POC has been flipped. It was a sign of accumulation as mentioned, but now that we’ve seen a shift in market structure despite seasonality. Ideally, bulls want to maintain above it.
If we hold above the POC (with some slight deviation being expected), you’d expect a higher low to form into the next leg. So watch for stalling, then observe the 65–68K region, as that’s around where the increased volume sits & where big buyers are likely to step in.
If we hold above the POC (with some slight deviation being expected), you’d expect a higher low to form into the next leg. So watch for stalling, then observe the 65–68K region, as that’s around where the increased volume sits & where big buyers are likely to step in.