$BTC Profile Update
Today’s market activity was low, and price traded rotationally as expected. The profile structure remained weak from the open, with sellers maintaining control despite the absence of strong directional momentum.
Neither of the scenarios outlined in today’s plan fully developed because the market lacked tempo in both directions. Price found acceptance inside the previous day’s value area and repaired the previous day’s wide POC area.
I am now closely monitoring the current POC to see whether it migrates lower. A downward POC migration would confirm continued seller control, while a stable or upward POC could suggest balance and further rotation.
Today’s market activity was low, and price traded rotationally as expected. The profile structure remained weak from the open, with sellers maintaining control despite the absence of strong directional momentum.
Neither of the scenarios outlined in today’s plan fully developed because the market lacked tempo in both directions. Price found acceptance inside the previous day’s value area and repaired the previous day’s wide POC area.
I am now closely monitoring the current POC to see whether it migrates lower. A downward POC migration would confirm continued seller control, while a stable or upward POC could suggest balance and further rotation.