Implausible without a positive catalyst and a return of interest in 'Risk On':
A V Shaped recovery of price action, reclaiming the value area in question, support of the VWAP and POC, essentially reversing the dump begun 2/21 with the curiously timed revelation of the Bybit hack...
Should price action *rapidly* reclaim
97K--or, better yet, $99.8K--and confirm the recovery with a Daily close above, the supposed post-halving bull run would be on again. For now...
Such an outcome would be consistent with an (arguable) Double Bottom--if not #JTTW.
A V Shaped recovery of price action, reclaiming the value area in question, support of the VWAP and POC, essentially reversing the dump begun 2/21 with the curiously timed revelation of the Bybit hack...
Should price action *rapidly* reclaim
97K--or, better yet, $99.8K--and confirm the recovery with a Daily close above, the supposed post-halving bull run would be on again. For now... Such an outcome would be consistent with an (arguable) Double Bottom--if not #JTTW.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.