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Gm and happy Monday! ☕️
Bitcoin update & Hyblock Heatmaps
BTC at 122k – what a bullish start to the new week!
It could easily continue like this with pump – consolidation – pump up to 140k before we see a larger correction or a distribution range.
However, a small correction could happen at any time.
If that happens at the beginning of the week, these levels would be interesting to me.
As of now, I consider a revisit of 110k to be the worst-case scenario and currently very unlikely. This level will play a role later in time.
A quick note on heatmaps:
They work well in ranging markets, but not when the market is trending this strongly as it is right now.
These highlighted areas below 110k are currently very unrealistic.
Have a great start into the new week and see you soon!