Price lost support ($41880) the day before yesterday. This location is now a daily Naked Point of Control, adding more confluence as resistance.
The analysis is straightforward: regain this level as support, and we'll see higher prices. We'll see whether there's a rejection here, and then we'll see if price retests $38K/$39K and holds, it will be a positive retest, since it will fill the single prints (inefficiency regions) that formed at that level.
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The analysis is straightforward: regain this level as support, and we'll see higher prices. We'll see whether there's a rejection here, and then we'll see if price retests $38K/$39K and holds, it will be a positive retest, since it will fill the single prints (inefficiency regions) that formed at that level.
<———————————————>
Follow us on our socials for more!
Thanks and happy trading :)