#NFPWatch
$BTC failure at the break and returns to the inside of the range.
@bitcoin it reaches the end of the week, staying within the new balance we have been following over the last sessions. Although during today’s session there was an attempt to leave this structure on the upside, the move was not able to hold and price quickly returned to the value area.#BTC🔥🔥🔥🔥🔥
#Bitcoin❗ The advance again found difficulties within the daily FVG marked in purple, an area we pointed out for the first time in the analysis of September 21 and that we have been following since then as a possible reaction region. For now, this area continues to limit attempts at expanding toward higher prices.
$BTC From auction theory, the behavior is interesting. The market explored again above the balance, but it did not manage to develop acceptance at those prices. Instead of staying there and starting to build volume, it quickly returned back into the structure. This reinforces, at least for now, the idea of balance: the attempt to seek higher prices did not find enough interest to establish a new value zone.
The pullback led Bitcoin again toward the POC region of this balance, located around $84,000, where the drop began to lose intensity. This makes sense from auction logic, since the POC precisely represents the zone where the most trading has concentrated within this structure and where price can return when an exploration of the extremes fails.
Above price, we also continue to watch the 4-hour iFVG delimited by the white lines. This region has generated numerous reactions during the last sessions and continues to work as an important reference within the range. A sustained recovery from this zone would be necessary before attempting to test the upside again.$BTC
$BTC failure at the break and returns to the inside of the range.
@bitcoin it reaches the end of the week, staying within the new balance we have been following over the last sessions. Although during today’s session there was an attempt to leave this structure on the upside, the move was not able to hold and price quickly returned to the value area.#BTC🔥🔥🔥🔥🔥
#Bitcoin❗ The advance again found difficulties within the daily FVG marked in purple, an area we pointed out for the first time in the analysis of September 21 and that we have been following since then as a possible reaction region. For now, this area continues to limit attempts at expanding toward higher prices.
$BTC From auction theory, the behavior is interesting. The market explored again above the balance, but it did not manage to develop acceptance at those prices. Instead of staying there and starting to build volume, it quickly returned back into the structure. This reinforces, at least for now, the idea of balance: the attempt to seek higher prices did not find enough interest to establish a new value zone.
The pullback led Bitcoin again toward the POC region of this balance, located around $84,000, where the drop began to lose intensity. This makes sense from auction logic, since the POC precisely represents the zone where the most trading has concentrated within this structure and where price can return when an exploration of the extremes fails.
Above price, we also continue to watch the 4-hour iFVG delimited by the white lines. This region has generated numerous reactions during the last sessions and continues to work as an important reference within the range. A sustained recovery from this zone would be necessary before attempting to test the upside again.$BTC
