$BTC Update & Hyblock Heatmaps



Bitcoin looking no bueno.

Happy to be wrong here and see this hold as a bottom with a sharp recovery.

But looking at this weekly candle, it's hard to argue for the bulls right now. To me this reads clearly lower: mid to low 50s over the coming weeks, with a new range forming here.

The good part: this could be the last period of pain over the next months before we get an early new bull phase...
BTC3.31%
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onks20
· 1h ago
Thank you for the analysis, it’s very helpful in expanding my understanding of the current market conditions. Wishing you smooth trading and always profitable. 👍
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GateUser-8acf43da
· 1h ago
bull phase this term is used well, now is just endurance
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OrigamiVolcano
· 1h ago
Sharp recovery requires a narrative to support it; currently, no catalyst has been seen.
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ProtocolPaladin
· 1h ago
The weekly chart is indeed unattractive, but if it holds around 50k, it’s really possible that the bottom will be seen in the second half of the year.
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GateUser-7cb48814
· 1h ago
New range forming = It’s been choppy for months, and contract traders are having a hard time.
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KiteStringQuant
· 2h ago
Every time you say "last period of pain," it will hurt again 😅
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MistValleyFront
· 2h ago
Mid 50s feels conservative; really breaking out, 48 isn't impossible either.
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PixelMetaverseRaccoon
· 2h ago
Does the heatmap have details? I want to see where the liquidation clusters are.
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