$BTC
It currently looks rather fragile.
If we lose the level at 82,850, the situation will noticeably worsen.
Nearby, there is support from the current weekly VWAP (VAL)—it also acts as an important zone.
Losing this support will open the way down toward the demand zone that aligns with the 365-day VWAP. There I’ll assess the next steps in detail.
On the upside, growth is currently capped by the weekly opening.
A breakout and hold above the weekly opening fundamentally changes the picture and creates room for continued upward movement.
For now, we hold at 82,850 and the weekly VWAP. All attention is on these levels.
It currently looks rather fragile.
If we lose the level at 82,850, the situation will noticeably worsen.
Nearby, there is support from the current weekly VWAP (VAL)—it also acts as an important zone.
Losing this support will open the way down toward the demand zone that aligns with the 365-day VWAP. There I’ll assess the next steps in detail.
On the upside, growth is currently capped by the weekly opening.
A breakout and hold above the weekly opening fundamentally changes the picture and creates room for continued upward movement.
For now, we hold at 82,850 and the weekly VWAP. All attention is on these levels.
