$BTC Bitcoin Bullish Cypher

We've got Bullish divergence here on both the MFI and the STOCH, just above support there after putting in a higher low again on the weekly. My bias is to the uside until invalidated. I would not be surprised to see an attempt at the lows one more time before a move to the upside. Volatility is very low right now and that would surely liven things up a little bit if we hit some liquidations below us, create an incentive for bears to commit further, and then reverse, leaving both bears and bulls with hurt feelings. This would also free up the liquidity for the composite operator to go long.

Id like to see volatility expand as we break the top side of this consolidation, and perhaps a checkback. The 200(Blue) is sitting around the common retracement zone, with the 50 (yellow) just above us. A break above the 50, and a checkback, before a move to the 200 would be ideal. This is also where the VWAP (purple) is sitting.

If i were looking for a spring event, or an attack at the lows, id look for that 1.13 level just under us inside the inflection zone as an entry IF confirmed as support.
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