BTC still struggles to reclaim pMonth VAL as support and has formed a new 5-day composite at $88,050, where the lower boundary of the 5-day profile aligns with pMonth VAL. Given last night’s breakdown below VAL and a reacceptance under the 7-day VWAP, a retest of the unclosed POC at $85,030 seems likely. At this level, we need to see 30-day VWAP holding as support. The 2-week VAH ($84,575) remains our bullish threshold**—a drop below it would signal a potential rotation down to **$81K.
📈Best Long Scenario:
A false breakdown into the 2W VAH zone, followed by a reclaim above 30D VWAP ($85,240), could trigger a move towards equal highs and potentially beyond.
📉Short Scenarios:
- Rejection from $85,600
- Confirmed acceptance below $84,575
In either case, short setups can be considered.
Post #29
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