BTC Update & Hyblock Heatmaps

Bulls defended the low, we only have some wicks below 62.2k to hit the liquidity.

If we only have that sweep, we could see a bounce here. But so far, we're waiting to see continued strength.

And the heatmaps show still big clusters below the price + bearish overall thesis...

A close below 62.2k would be no bueno and open the door to the range low.

Have a great day and see you soon!

BTC Update & Hyblock Heatmaps

Textbook sweep of the (range) low + V-shape bounce is bullish unless we see another bearish retest at 62k-ish.

Looking at Microstrategy, that just hit a new 2-year-low, another flush down seems the more likely scenario to me rn.

But we can get some chop first as well. Let's see.

Key levels are in the chart, now Bitcoin just needs to decide what we do with it.

Have a great day and see you soon!

Regarding Bitcoin, we don't have a close below 59k, not even a 4h close, which is stronger than I expected. We're consolidating here right at main support between 59k and 60k.

But be aware, once 59k gets lost, the next flush will follow.

Bottom is not in yet imo, but we can see some chop first.

If BTC breaks 60.7k, we could even see a bit of a counter trend move for some days.

Have a great start into the new week!

BTC Update & Hyblock Heatmaps

Clean bearish retest of my main key level on the 4h chart.

Bitcoin needs to reclaim this level asap, then it can turn into a sweep + higher scenario, but for now, I'm bearish.

BTC Update & Hyblock Heatmaps

This COULD turn into a deviation and we see a small recovery.

But everything below 65.7k is just noise. Bitcoin choping around. And definitely don't want to loose 59k again...