After multiple tests of the $62.8k support level (Weekly Open & DM VAH), we’ve seen a breakdown that has now turned this level into resistance. Currently, there’s 4-hour support at $62.2k, which also aligns with the current month’s Point of Control (POC).
A liquidity area is growing at $61.8k, and it wouldn’t be surprising to see this level swept today. For a bottom to form here, we need the $62k level (Monday Low) to hold.
This week’s Monday range is set between $62k and $64.4k. I'm well-positioned for any movements and actively seeking further opportunities.
