Gm and happy Saturday! ☕️

$BTC Update & Hyblock Heatmaps

Timeline is looking more optimistic and some indicators are pointing toward the bottom being in.

And yeah, a sweep of the lows with bounce instead of another flush is bullish.

But let's not get ahead of ourselves. We're still inside the range and everything below 65.7k is just noise.

What we need to see: continuous strength and a higher high above 67k. That's when the picture really changes.

So far we're just seeing a countertrend bounce in an obvious downtrend.

Enjoy the weekend and see you soon!

BTC Update & Hyblock Heatmaps

Not interested in trading it here in the middle of the range.

But if we would get that sweep of the high, I'll be looking to short 66k.

BTC Update & Hyblock Heatmaps

Bitcoin choping inside the range, not interested in a trade right now, only if we see one of two scenarios (see chart).

Bigger picture: Downtrend still dominant, but the last weekly candle was bullish.

BTC Update & Hyblock Heatmaps

The heatmaps are pretty clear about Bitcoin's next move.

But we can easily see a sweep of the range high first. Still in the middle of the range, so for me it's rather patience than chasing a trade here.

Bigger picture: Everything below 66k is just noise within the overall downtrend.

Have a great day and see you soon!

BTC Update & Hyblock Heatmaps

Now liquidity is stacking up again above the price, and a sweep of the range high is getting very likely.

Once Bitcoin hits 66k-ish, I'm bearish unless we see a breakout with volume that doesn't leave any questions.

Have a great start into your weekend and see you soon!