Most will never understand this level of precision...not bragging...often surprised myself and think others should know this stuff. no gatekeeping 🙏🏾
This range was destined to keep price held in as we now have great support from the wick we closed over +2 green days. We also have a bearish imbalance above. Meaning we cannot expect a blast in either direction without opposition. If it does run up there to the top of the imbalance, it will hit the top of the imbalance candle like a hot air balloon and rocket into the imbalance around 87K--hence the 2 buyside 🎯s
With the BAR (high to low + body) levels of yesterdays candle being our nearest range to measure, I expect we remain above these levels unless proven other wise. Testing yesterday's low, otherwise known as stop hunt or turtle soup, would be expected as we have a bearish imbalance above the range.
This is considering everything besides EMAs and RSI which I may look at those if things get weird but for now it's super chill reading.
Key Observations: - Break of Structure: BTC lost trendline support, signaling bearish momentum. - Liquidity & FVGs: Major fair value gaps (FVGs) at $81K–$76K, increasing downside risk. - CME Gap at $81K: High probability of price filling this zone. - Volume: Selling pressure remains strong.
Outlook: - Bullish Rebound: If BTC holds 87K–89K, a relief bounce toward 97K+ is possible. - Bearish Continuation: A break below 87K could accelerate drops to $81K–$76K (CME GAP).