Seems like btc played out as per the previous update, bouncing off the zones and now doing it's 3rd (and most probably final) test of the .
Highly probable chance of breaking out considering that it's the 3rd test and the rejection from the prior test is pretty weak.
Looking down on the lower time frames (i.e. 30mins), we can see forming and that's pretty i feel.
Probability of play?
Seems likely that we are going to break and swap this supply, heading up to the yellow area of 11300-11500 with a candle close above the zone on the 4h.
If a 4h rejection candle forms here (pin/doji/anything ), we're looking for a downwards dip to find further support in the next yellow of 10300-10500.
Trade safe everyone.
furthermore, it ignored the yellow 11300-11500 areaand shot straight up. This shows a clear break and if the 1H TF were used, it would have shown a retest of area which could have been a long entry.
With this area as well as the trendline ignored and broken , the overall trend changes to bullish and we could long the retest of the yellow area (if it ever comes back), targeting the next block 12000-12200