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Gm and happy Wednesday! ☕️
Bitcoin Update & Hyblock Heatmaps
BTC ranging a bit is definitely better than one elevator down after another.
This naturally builds liquidity on both sides, which will surely get taken on both sides too (see 3d heatmap).
If the bottom is in now and a Santa rally is ahead of us, then a dip to around 84K makes the most sense to grab those stops, and then we wait for the impulsive move.
As already said, what confirms the bottom is a strong, impulsive move that leaves no questions.
Until then, the daily trend is down and high 70s are the target.
Have a great day and see you soon!