$BTC Market Profile π
Daily nPOC has been tested.
Weβre currently seeing a poor intraday low with single prints just below, which increases the likelihood of a revisit. This structure typically acts like unfinished business, suggesting price may rotate back down to repair the low and fill the single prints into the 67,800 USD area.
On the upside, there are also unfilled single prints;
A move into 70,370 USD to fill those prints could present a scalp short opportunity, especially if we get a clear SFP (Swing Failure Pattern) at that level.
SFP rejection at dHigh β short bias
No SFP / no rejection β continuation higher likely;
If price accepts above dHigh and holds, we can then look for continuation into the next single print zone around 71,000 USD, where we again shift focus to OrderFlow for trade confirmation.
Earlier this morning, we assessed the recent upside move and noted that the bounce currently appears rather weak (see previous post for full context).
(NFA!)
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