Less than 3 hours after our weekly close and BTC is still extremely strong above its newly adjusted POC (Point of Control) at $ 41600. This is the main level on which we will be looking for potential new test and long spot / low positions. leverage.
After exiting such a high volume consolidation range, we can expect this POC to hold as support and likely lead us to our new resistance (also my original MTO) at $ 50,500).
It all depends on our weekly close now, and we will probably have one of the most bullish trends in a long time ...