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Gm and happy Wednesday! ☕️
$BTC Update & Hyblock Heatmaps
There we are, 65k already hit, short fully closed. Tempo of PA is high after Bitcoin lost the key level.
Now we're in a serious move and have a close below the wedge, but the weekly support level is holding close wise so far.
This is the level I watch right now, and we can't see a weekly close below that. A bit chop is ok, and maybe even a daily close if it repairs fast.
But a weekly close below 65.7k would mean 50s or even 40s in a wick.
Not looking for longs yet. Just observing what scenario we get. Full breakdown or a bottoming phase? We will find an entry after we lean to one of the scenarios.
Have a great day and see you soon!