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$BTC Update & Hyblock Heatmaps
Bitcoin lost the local weekly support level and is back inside the 2024 range.
It tested 59k already twice as major weekly support level. This is my new level to watch.
Close weekly below: Prolonged time (months) in this range with potential wicks to 49k.
Hold 59k as support on a close basis: Form a bottom, but most likely needs some weeks and we should still see some wicks lower.
Short term we should see some upside to fill the huge imbalance of the last weekly candle. But that doesn't mean anything as long as BTC doesn't close waaay higher.
Have a great start into the new week and see you soon!