yfi had a nice response at the yearly show providing a 10k candle to the upside that his since retraced to the 8k region. whilst selling pressure has made a low on the OBV, the price has managed to stay above the last bearish candle open on the monthly chart. we now have a clear demand zone with unlimited upside potential, given that bitcoin seems to have found a local bottom / dxy has possibly peaked giving relief everywhere else.
if yfi can break the diagonal and claim the daily at 11k then there is no reason yfi cannot test 22k upward, possibly even mid-high 40k, or just go nuts and hit the 1.62 fib at 150k, but baby steps for now ;-)
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nice and deep into the demand zone just a couple hundred $ off the binance yearly level, id market 5500 for a while and my orders triggered right in the middle of that bearish daily volume candle, perfect backtest for now.
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deep into that weekly demand, approaching the yearly level