Currently looking at these 2 scenario's for $BTC.
1) Either we hold this Range we formed on the 1hr timeframe and continue higher
2) Or we fail to hold it and go down to the area with the 1hr Demand zone as the first resistance, or go deeper towards the nVPOC.
I will add the Daily timeframe as well, because I've spotted a nice Range there as well. In case we follow the second scenario, this would collide with the 0.5 of that Range. (see image below)
1) Either we hold this Range we formed on the 1hr timeframe and continue higher
2) Or we fail to hold it and go down to the area with the 1hr Demand zone as the first resistance, or go deeper towards the nVPOC.
I will add the Daily timeframe as well, because I've spotted a nice Range there as well. In case we follow the second scenario, this would collide with the 0.5 of that Range. (see image below)