Firstly, I want to say I’m sorry because I didn’t announce I was going to take a break from posting this week. But I’m back. Bitcoin broke the $46.2k nPoC (check previous Weekly Review post) right after I published my thoughts, and ww rallied until $48k. After that, we started to see a pullback to around $44k, which got bought up.

The main thing I see on this week’s price action is that price failed to set a higher high, and, to be even more bearish , it flipped the support level at $47k (0.618 fib, weekly PoC and anchored VWAP ) to resistance. But this is not enough. We also see that, on the volume profile , that most of the volume traded is at the top, meaning that a consolidation is what whales are looking for.

My targets stay the same (again, check the last Weekly Review): mainly the FVG sitting at $43k. I do expect some crabbing around these prices at the start of the week, to be honest. Lastly, I want to thank you again for reading my posts. Have a good trading!