BTC 11 May 2022

The current implied volatility is at 81.61%/year
So that converted into daily is 5.14%

The opening price was on 30970
So based on that our
TOP 32600
BOT 29410
This channel has a 88.3% change to sustain based on the last 290 candles

At the same time with 86.9% we can affirm that the price is going to be above
TOP 31200
BOT 30850

From fundamental point, today we have CPI release and this marks a huge volatility moment
From volume point, current POC is around 31250

We can expect now with close to 75% that the market is going to end up between
TOP 31200 – 32600
BOT 29410 – 30850