$BTC

Our first major support zone, which is the weekly level in green, is still holding.

🔶 We haven’t even closed a daily candle below it.

🔶 IF we start getting higher TF closes below that region (daily+), we can look at the inefficiency below, which sits in a massive HTF demand zone from 38-49k.

🔶 The only way we get there, in my opinion, is through a liquidation flush, so it's important to stay mindful when OI is elevated (like it is now).

This is why there’s still work to do here at these lows before getting too excited – things like resetting OI and consistent spot net buying.

🔶 On the HTF, none of this changes much, even if it occurs. It would just be a leverage flush before the final move, so keep your wits about you.