| Level | Price | From price | Role |
|---|---|---|---|
| Fib retracement | 8.347 | +11.7% | fib, read edge |
| Swing high | 7.899 | +5.7% | swing, plan leg |
| Swing high | 7.790 | +4.2% | swing, read edge |
| 2-TF resistance | 7.514 | +0.5% | confluent, sr |
| 2-TF support | 7.445 | -0.4% | confluent, golden pocket |
| Swing low | 7.061 | -5.5% | swing, plan leg |
| Order block | 6.998 | -6.4% | order block, calendar |
| Support | 6.518 | -12.8% | sr, read edge |
| Support | 5.843 | -21.8% | sr, plan leg |
There is no committed direction here — the market is trending and the evidence has not resolved. Bitcoin's daily chart is ranging — range edges have held more often than they have broken. What argues for higher: the uptrend is intact — this is a pullback inside higher highs and higher lows. What argues for lower: open interest is falling as price rises — this rally is shorts covering, not fresh buying. The stronger case is lower: the break of structure and the positioning outweigh the trend — but not by enough to settle it yet, so the levels decide. The uptrend is intact but being tested — the small swings just turned lower — and the trend has one level to keep: 7.445. An imbalance (fair value gap) sits below at 6.577–7.061 — a range price moved through without trading, not yet revisited. So the uptrend is the frame: 7.445 holding keeps it intact, a close back above 7.514 restarts it, and a close below 7.445 breaks it.
The ceiling is 7.514 (2-TF resistance) — until price closes and holds above it, rallies keep running into the same sellers. 7.445 (2-TF support) holds the downside; it is the level that has to break for the bear case to work. Beyond the box, the next levels are 7.790 (Swing high) above and 6.998 (Order block) below.
At 39%, this needs a close and hold above 7.514. From there the road runs to 7.790 (Swing high) then 8.347 (Fib retracement). It fails on a close and hold below 7.445.
This path is 58% and it starts with a close and hold below 7.445. That opens 6.998 (Order block) then 6.518 (Support). It fails on a close and hold above 7.514.
At 3%, price keeps rejecting both edges of 7.445–7.514 and the range holds.
Holding above 7.445 keeps this a pullback inside the uptrend. A close below 7.445 breaks the trend's last higher low — that is how trends end. The way to get this wrong: calling the uptrend over before its last higher low breaks — the challenge only counts on a close through it.
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