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Gm and happy Wednesday! ☕️
Bitcoin Update & Hyblock Heatmaps
The market is stabilizing and still closing above 112k. An explosive pump could start at any time.
On the other hand, whenever I see a trendline like this, I think it’s there to be broken.
A wick down to 107k-ish followed by a pump would make sense. 107k is an important s/r-level there, now also the daily 200 MAs, and it’s 50% of Friday’s daily wick.
So 112k and the trendline become my key levels:
- Lose trendline -> 107k
- Hold above 112k close-wise -> waiting until the market is ready to pump.
Have a great day and see you soon!