$BTC - Bullish on HTF, Short-term Bearish on LTF
2024-12-18
Category: None

We're still bullish on  CRYPTOCAP:BTC  on the higher timeframes as long as we stay above the m_rvwap

On the lower timeframes, we saw some sort of distribution forming at the high.

We created poor lows with market orders coming in. 

Pice is right at a key level, and we'll be keeping a close eye on whether there's a solid reaction at the  (w_rvwap) .

If there is, I'm thinking we'll see a short-term bounce, testing the previous value area around 105.6k.

Failure to reclaim previous value area, we're likely roll over to 102k-101k zone.
