This week we expect news with a high probability of market volatility.
Buyers do not want to give up local support at $95K for now, and are trying their best to hold it. As I mentioned in last week's briefing, I expect a breakout of this support and a decline below the POC level of $92K, where stop losses for long positions have not yet been removed. I anticipate such a local decrease to at least the beginning of the upward slope around $85K, where the upper boundary of the uncovered imbalance on the 1D chart is located. In any case, such pullbacks are necessary for a more logical and healthy market movement.
