$BTC The price is now testing a key lost high-timeframe support range, the same bottoming formation from December 2024 and the January–February base. As I’ll cover in my upcoming update, this is an important test.

Because of this, I believe the best approach is to stay somewhat cautious on the low-timeframes.

We could still see a rejection here, and if that happens, I’ll scale back into the hedges I trimmed once the high-timeframe support range in blue, the early-April bottoming formation, got tested.

Going forward, the setup is simple: the on-chain data, Velo data, and funding rates all point toward upside in the coming weeks.

But this short-term volatility is something we have to track. As I mentioned in one of my latest alerts, the Liquidation-Heatmap shows a cluster of overleveraged longs sitting on the downside, and they could be wiped out before the next leg up.