Gm and happy Friday! ☕️

Bitcoin update & Hyblock Heatmaps

The pennant broke to the downside and went to 62k-ish as expected.

The first attempt to reclaim the midrange (red line) failed. Bitcoin is currently consolidating below the midrange.

This is the key line for today. If the midrange cannot be overcome, we will likely remain between 62.4k and 64.5k for now and may form another pattern which we can discuss at a later time.

However, if the price breaks through, I expect at least the imbalance to be closed. Then, the blue line at 66.7k becomes the next key level. That's roughly where the POC of the entire range is located. I'm curious to see the reaction there.

That's how it is with a range - trade level by level. And the really exciting moves will come when Bitcoin eventually exits the range...

Have a great start into the weekend!

#bitcoinhalving $BTC #Megadrop #BinanceLaunchpool #Ansarmahais