We are currently very close to $7,080 daily higher low support as the bulls try and defend this level to remain in the tightening daily range. Bulls have to break this hourly equilibrium in their favor today to increase the odds we remain tight on the daily.
I would be looking to the MOVE contract for BTC volatility in a few days IF we form this higher low and continue to tighten. We will then be getting to a point where we know a volume and volatility spike are imminent.
Bulls still have some proving to do first!
I would be looking to the MOVE contract for BTC volatility in a few days IF we form this higher low and continue to tighten. We will then be getting to a point where we know a volume and volatility spike are imminent.
Bulls still have some proving to do first!
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