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Today’s report will include:

Updated Technical Analysis
Other key market developments
Market Psychology
Trading Tools

Bitcoin Local Range 📈

In Today’s analysis -Bitcoin- beginning the week with trading into its local range high where a rejection has occurred. Remaining in this range will continue rotational price action.

Points to consider,

VAH Resistance
Range High Resistance
VWAP Resistance
VAL Support
Range Low Support

The Value Area High, .618 Resistance and the VWAP has been holding price captive in this local range. The recent range high test has lead to yet another rejection, increasing the probability of a rotation towards the lows.

Range Low in confluence with the Value Area Low and Liquidity area is a key region of support. Holding this region for a rotation back up will solidify price action being in a range, the range could last for a while.

Overall, from Bitcoin Insiders perspective, Bitcoin is a valid day trade long from lower support - $91,200. Price action is to be used upon discretion/management during execution.

Hope this analysis helps.

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