Why I’m leaning toward more BTC upside right now Market Profile: - BTC is pinned between pMonth VWAP (115965) and 30D RVWAP (117200). A break and hold above 117200 - looking for 120K. - Drop to 115965 and hold below opens 114–112K, but that’s low-probability, IMO, with CB Premium positive and BTC ETF inflows back. Orderflow: - OI RSI / ODB not overheated. When ODB RSI >60 + net ODB >0 and OI RSI sits in 50–65 range - historically, we see grindy upside, eating ask walls and stair-stepping into new highs. - When net ODB ≤0 with OI RSI >70 - upside bursts fizzle in 3–7 candles, price pulls back into lower bid clusters. Trading plan: - Base case: grind toward 119–120K, dip buys get absorbed. As long as net ODB stays >0 and ODB RSI ≥60, market’s being pulled higher. - Bear alt: pullback into lower bids. Trigger = flip net ODB ≤ –0.3–0.5B + ODB RSI drops <55 while OI RSI climbs (fresh shorts coming in). Path: 115.9–114.8k, weak bounce = magnet at 113k.
5.68K