#QNTRises39%
$BTC consolidate the break and form a new balance.
@bitcoin For today’s session, there are no major changes compared to the analysis of the past few days. Bitcoin continues trading above the balance that dominated the market for about a month, though after the strong bullish move it lost momentum upon reaching the daily iFVG marked in purple.
#BTC🔥🔥🔥🔥🔥
If we look at the most recent daily candles, the behavior is starting to look different from the initial break. First, we saw a very aggressive expansion out of the old balance, but the following sessions have shown less displacement and more trading within the same price zones.
$BTC
From the auction theory standpoint, this can be interpreted as a transition from a phase of imbalance to another where buyers and sellers begin negotiating again in both directions.
That’s why, for the next few sessions, one possibility is that bitcoin starts building a new balance between the upper daily iFVG and the region defined by the white lines, where there is a low-volume node (LVN). For now, it’s still too early to consider that range fully established, but the latest sessions are starting to show characteristics consistent with a consolidation phase.
#Bitcoin❗
The most important thing is that the market continues to develop volume above the old balance. This is relevant from the auction theory perspective, because a break gains more validity when price not only explores higher levels, but also manages to stay there and begin building a new area of value. In other words, the market is trying to determine whether these higher prices can turn into a new region of acceptance.$BTC
$BTC consolidate the break and form a new balance.
@bitcoin For today’s session, there are no major changes compared to the analysis of the past few days. Bitcoin continues trading above the balance that dominated the market for about a month, though after the strong bullish move it lost momentum upon reaching the daily iFVG marked in purple.
#BTC🔥🔥🔥🔥🔥
If we look at the most recent daily candles, the behavior is starting to look different from the initial break. First, we saw a very aggressive expansion out of the old balance, but the following sessions have shown less displacement and more trading within the same price zones.
$BTC
From the auction theory standpoint, this can be interpreted as a transition from a phase of imbalance to another where buyers and sellers begin negotiating again in both directions.
That’s why, for the next few sessions, one possibility is that bitcoin starts building a new balance between the upper daily iFVG and the region defined by the white lines, where there is a low-volume node (LVN). For now, it’s still too early to consider that range fully established, but the latest sessions are starting to show characteristics consistent with a consolidation phase.
#Bitcoin❗
The most important thing is that the market continues to develop volume above the old balance. This is relevant from the auction theory perspective, because a break gains more validity when price not only explores higher levels, but also manages to stay there and begin building a new area of value. In other words, the market is trying to determine whether these higher prices can turn into a new region of acceptance.$BTC
