Bitcoin Price Update
1. We initially bounced at $112k which was our previous range high and Key S/R Zone
2. We then went on to move from range extreme to range extreme and took out our range high with a SFP creating a new ATH in the process
3. The SFP of the high brought bearish orderflow with the micro structure being curated with LH & LL
4. We've now just taken out the low we created at the start of the month into our key S/R Zone and have had a bullish reaction with volume.
5. We're at our Key S/R Zone which has been quite influential, flipping it back to support would be a greenlight back to range highs.
6. Although may be unlikely now, we may see a rejection of this zone, with it continuing to act as resistance after a bearish underside retest recently.
7. If the scenario above unfolds, it's not all doom and gloom as this move up as created some zones which may act as support upon return.

From X
Disclaimer: The above content reflects only the author's opinion and does not represent any stance of CoinNX, nor does it constitute any investment advice related to CoinNX.