Gm traders, welcome back to another episode of my weekly Bitcoin analysis article.

Today marks the end of the week, and the market is closing strong ahead of the new week’s open. Without further ado, let’s jump in.

Market Profile Recap

The market opened bearish at the start of the week but is now closing on a strong note. This suggests that longer-term participants, especially buyers, have been in control.

In my last article, I pointed out key trade areas to watch, including the 27/09 and 23/09 highs. Both poor highs have now been repaired, while the lows were not revisited as the bulls held the 82.5k area firmly. Bond volatility and NFP also had a strong impact on the market.

Going into the new week, the FOMC meeting on 07/10 will be an important event to watch.

Monthly Timeframe (1M)

The market closed bullish last month and started this month strongly. Longer-term participants remain dominant on the higher timeframe. The current monthly high is only a few ticks below the previous month’s high, which suggests the trend is still relatively young.

Intermediate Timeframe (1W)

Looking ahead, the trend is still young, but longer-term participants remain very active here. This week’s market was largely influenced by bond market volatility. The major event for the new week will be the 07/10 FOMC meeting, and that could shape price action going forward.

Daily Timeframe (1D)

Since the 21/09 high was established, the market has been trading in range, with short term sellers remaining dominant.

Short Yerm Timeframe

From Monday through Friday, the profile showed value area overlap to the upside, while Saturday brought the market back into balance.

Overall, the profile for the week has printed poor or weak lows that have not yet been repaired. Friday’s high is also a poor high and remains an important reference. The POC on Friday did not migrate with price as the market moved lower(the POC area has beem repaired)

Current Profile

The market opened in the middle of the previous day’s value area. During the first few hours after the open, the market showed low confidence, but later shifted into a high confidence day as price began to one-timeframe higher. The current low is a poor low, and the POC area remains too wide.the current profile POC isn't migrating with price as price moved higher. whike the poc is too wide.

Weekly Focus

The main areas I’ll be watching into the new week are the weak lows left behind during the week, the Friday poor high, and how the market reacts around the 82.5k area. If buyers continue to hold control, the market may continue building strength, but if that weak structure is revisited, it could create a cleaner repair move.

Key Trade areas;

23/09 weak high needs repairs

04/10 POC area needs to be revisited

28/09 - 04/10 poor lows/ weak lows needs repairs.

Thanks for reading.

This article is by no way an investment advise, pls kindly Dyor.