GateUser-7bd292f7

I haven’t done much with BTC this month. For a while I was buying stocks, and for another while I was trading XAU and EUR. $btc

Last week's review $btc

bitcoin:native

Aggressive bears follow the price. $BTC

HTF AMT: If price is accepted within the value area, it may rotate to the other side of that value. Weekly timeframe: This SP is the bulls’ last line of defense and cannot be broken. $BTC

LTF targets a VAH revisit, testing a breakout above the target VA. $btc

If the LTF NPOC holds, price can auction higher. If the buy imbalance gets filled without any reaction, price will likely move lower to seek the sell imbalance. Longs are positioned at the highs. $btc

At the moment, there are two perspectives on the weekly timeframe. $btc

bitcoin:native

On the LTF, watch whether price can auction higher. Sellers at the lows are currently trapped. $btc

The HTF wick reaction is strong. In AMT, if price shows a strong reaction at the POC, it would invalidate the first idea. Weekly timeframe has a double distribution profile. $btc

One sell-off wiped out all the buildup from the weekend. Whether price bounces now simply depends on whether this low can hold. $btc

On the weekly timeframe, price is moving between two NPOCs. Although the LTF has reclaimed the IB, it still hasn’t formed a HH. $btc

On the weekly timeframe consolidation, I’d rather see price reject re-entering the lower VA. Focus on the direction of the slow grind $btc

Focus on patterns formed by slow grind on the LTF. $btc

Weekly balance holding high, targeting the NPOC below. $btc

The HTF has developed into the structure I wanted to see. #BTC

Yesterday’s rebound brought sellers back into the market. There are currently Single Prints on both the highs and lows. The directional bias is not very clear right now. $BTC

Strictly speaking, it’s not a P-shape because there’s no Single Print. In a trend, there must be SP. The current LTF uptrend has not been broken. Any shorts here are considered counter-trend trades. $BTC

Micro single print at the top. Note that this buyer imbalance has not been released yet — watch whether the trend will reverse from here. $BTC