BTC has been pumping absolutely wild in the past few days but with no significant high timeframe retracements.
The interesting thing to note is how the price was pushed all the way down to under the Daily S/R at 47.1k
before finally bouncing back to the mid 47k area.
This push down into the Demand zone (A) which was created right above the all-important Weekly Open.
The current Supply zone (B) was created from the swing of the high at 48k yesterday. As the price came back down
it created a Daily Open for today at (C).
This mini range between 47k and 48k is quite interesting and since the Demand zone (A) has been tested
but the Supply Zone (B) has not, which tells me the key here is the breakout of either the (A) zone or (B) zone

You can draw a range on 47k to 48k if you wanna play that intraday for scalping. Personally, I’m waiting
for the breakout and 4hr or higher confirmation of gain of 48k or loss of 47k and the Weekly Open
Longs vs Shorts is 50/50 on the retail side so don’t let your bullish or bearish bias get the better of you,
wait for a key level breakout.
I’m also interested in the forced push down of price to under the key S/R at 47.1k for an overtly bearish
looking at the Daily Open and flushed most of the longs out all the way to the Weekly Open.