📚When Multi-Levels align, this is the confluence I use to identify clean level-to-level setups. Price moves with intent and risk is clearly defined.

Here you can see why I’ve been so vocal about price needing to establish acceptance above key higher timeframe levels, in this case, 78.4k.
That level sits above the 1W 21 EMA, above the HTF SR level, and above the 0.618 Fibonacci retracement. With all three levels compressed into the same region, the confluence becomes significantly more meaningful.
If we secure acceptance above 78.4k, the next major HTF area of interest could be the Yearly Open, which also aligns with the 0.5 Fibonacci level. Of course, any move higher would likely include lower timeframe resistance pullbacks along the way.
On the downside, failure to hold these current local levels could open up substantial room lower due to the existing market inefficiency. First key area would be the Daily previous VAH around 74.1k. Below that, the VAL and 0.786 Fibonacci retracement align around 65.5k.
$btc #btc