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bitcoin:native
GM. I haven't provided an update recently because, quite simply, there has been nothing new to report. Everything currently unfolding was outlined in my previous video and, so far, the market is continuing to develop according to plan.
We are now finding acceptance back inside this value area, which is short-term bullish and suggests we could continue trending steadily higher towards the POC.
The key level to watch is 66.8K. Acceptance or rejection around this area will likely determine the next directional move either towards the Daily 200 MA and VAH, or back down towards the VAL.
I still don't believe this marks the beginning of a new shift in market structure. Instead, I view it as another bear-market rally, potentially following a similar fractal to the previous midterm year, a structure I have outlined numerous times before. #btc #bitcoin