BTC has made a strong move up recently, but we’re now trading just above key contextual levels that could act as a tipping point if lost. Do we look for a failed auction?
🧭 Key Levels on Watch:
• PW/MHIGH (Previous Week and Month High): ~109,988
• VAH (Value Area High): ~105,573
• POC (Point of Control): ~96,815
• VAL (Value Area Low): ~87,198
• Anchored VWAP from the April low is rising steadily and currently converging with the POC.
🔍 What to Watch For:
We’ve wicked above the monthly high and are now showing signs of stalling. If BTC fails to hold above the VAH (~105.5k), it would suggest acceptance back inside the prior value area. This could open the door for a rotation lower toward the POC (~96.8k) — the area with the highest historical volume and strong structural support.
🟢 Anchored VWAP Support
The anchored VWAP from the April low continues to rise and is on a collision course with the POC. This area could become a magnet for price, offering confluence for a potential bounce or reaccumulation zone.
⚠️ Scenario Outlook:
• Lose PW/MHIGH → Caution
• Lose VAH and hold below → Expect rotation to POC
• VWAP + POC convergence could be a key buy zone if tested
This is a classic example of auction market theory in action: acceptance back into value often leads to a revisit of the point of control.
🧭 Key Levels on Watch:
• PW/MHIGH (Previous Week and Month High): ~109,988
• VAH (Value Area High): ~105,573
• POC (Point of Control): ~96,815
• VAL (Value Area Low): ~87,198
• Anchored VWAP from the April low is rising steadily and currently converging with the POC.
🔍 What to Watch For:
We’ve wicked above the monthly high and are now showing signs of stalling. If BTC fails to hold above the VAH (~105.5k), it would suggest acceptance back inside the prior value area. This could open the door for a rotation lower toward the POC (~96.8k) — the area with the highest historical volume and strong structural support.
🟢 Anchored VWAP Support
The anchored VWAP from the April low continues to rise and is on a collision course with the POC. This area could become a magnet for price, offering confluence for a potential bounce or reaccumulation zone.
⚠️ Scenario Outlook:
• Lose PW/MHIGH → Caution
• Lose VAH and hold below → Expect rotation to POC
• VWAP + POC convergence could be a key buy zone if tested
This is a classic example of auction market theory in action: acceptance back into value often leads to a revisit of the point of control.
Trade active
On a closer look, we have made a new Daily Order Block and the anchored vwap from the high is lining up pretty nicely there too.I'll be keeping half an eye on a retrace to that area, whether it's from the local SFP (swing failure pattern) or a bounce from the VAH, it's worth monitoring and looking for a reason to short if it presents itself.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.