$BTC My daily bias is slightly bullish today after another POC shift higher.
I currently see two main scenarios.
The first is that the VAL, which was just tested, continues to hold and price pushes back toward the highs.
A breakout from there would likely open the door for a move into the $84.4K resistance.
The second scenario is a loss of the VAL and the current uptrend, followed by a drop toward last week’s POC around $83K.
There I expect buyers to step back in and look for a bounce.
I currently see two main scenarios.
The first is that the VAL, which was just tested, continues to hold and price pushes back toward the highs.
A breakout from there would likely open the door for a move into the $84.4K resistance.
The second scenario is a loss of the VAL and the current uptrend, followed by a drop toward last week’s POC around $83K.
There I expect buyers to step back in and look for a bounce.