$BTC This month, we’re still trading inside last month’s fair value.
Both the VAH and VAL have been respected on retests, confirming an inside-month.
We’ve also broken below this month’s value area.
Normally, when price fails to find acceptance outside of fair value, it often rotates back inside.
Considering that we got rejected at last month’s VAL and the monthly profile is D-shaped, suggesting more range-bound price action, I expect price to move back above 63.4K.
Both the VAH and VAL have been respected on retests, confirming an inside-month.
We’ve also broken below this month’s value area.
Normally, when price fails to find acceptance outside of fair value, it often rotates back inside.
Considering that we got rejected at last month’s VAL and the monthly profile is D-shaped, suggesting more range-bound price action, I expect price to move back above 63.4K.