Exactly as theorized, the price ended up making a quick search candle near $107K and retraced closing above $105K, structurally quite positive.🔥
Note that we are now in the testing format at the support that was previously resistance. If we succeed in this region, we should try for a more significant breakout at $107K.
The zones of greater buyer and seller interest are quite evident in the futures book, which indicates that this could be a new "box" region if we do not have significant volume on either side in the very short term.
However, there is a liquidity zone of bought contracts just at $104K, so during the day we may have this liquidity capture to then structure this support. We'll see... $BTC
