Bitcoin price is resting above Point of control area thus resting on heavy support - demand zone.
Price will NOT move lower organicly. This is the bottom for bitcoin for now.
This trading range is a liquidity pool - only a stophunt and a stoploss/liquidation domino can unleash this pool downwards by liquidating highly leveraged longs.
Longs got rekt by a stophunt (check tensorcharts for the liquidations)
Only a longsqueeze initiated by a well-orchestrated stophunt can penetrate the POC and yes it happened. Now POC has becomes resistance. I'm def going short if price moves higher. High probability that a organic uptrend won't break POC.
Def not buying anything now, way too many un settled contracts.
Only a stophunt targetting longs can break this support area.