$BTC Daily Profile Update
Today was mostly a rotational day, since the market opened above the previous day’s value area high but failed to continue higher.
From the open, the market one timeframed lower into the previous day’s value area and found acceptance. The current high is a good high because it has excess, while the low is a poor low.
the market initially left single prints while one timeframing lower, but they have since been filled.
The POC migrated from near the low toward the middle, and the current market structure is balanced.
The market is currently trading back and forth within the opening range, indicating low confidence and no clear directional conviction.
Today was mostly a rotational day, since the market opened above the previous day’s value area high but failed to continue higher.
From the open, the market one timeframed lower into the previous day’s value area and found acceptance. The current high is a good high because it has excess, while the low is a poor low.
the market initially left single prints while one timeframing lower, but they have since been filled.
The POC migrated from near the low toward the middle, and the current market structure is balanced.
The market is currently trading back and forth within the opening range, indicating low confidence and no clear directional conviction.
