$BTC

I’ve anchored a Fixed Range Volume Profile (FRVP) from the first weekly candle of 2026 through to the current week.
A few things stand out:
VAH (80K): Price has lost the upper boundary of the value area, signalling a loss of acceptance at higher prices.
POC (64K): We’re now trading around the Point of Control, the price level with the highest traded volume across this entire range. This is particularly important as it represents where the market has conducted the greatest amount of business and established its fairest value.
VAL (61.5K): The lower boundary of the value area and the next significant area of interest should selling pressure continue.
The POC is arguably the most important level to watch right now. Given the amount of historical volume transacted here, I want to see whether buyers are prepared to defend this area and establish acceptance back above it.
A successful defence could provide the foundation for a rotation back towards the VAH. However, sustained acceptance below the POC would suggest the market is beginning to find value at lower prices, potentially opening the door towards the VAL.
Importantly, the POC isn’t automatically support. It’s the reaction and acceptance around this level that will tell us the most.