How I interpret volume profiles of recent days

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Bitcoin remains in a bullish trend on higher timeframes. Nothing has changed about that in spite of the huge momentum shift. But I found an interesting reading on volume profiles.

If you look at the hourly chart, you will find a few levels with a different number of recent validations and the strength we may attribute them. The volume profile both leading to the 12k and after the crash from there seems to share very similar high volume node; I think all of the levels I drew are tradeable (from hourly timeframe!!) - however, before we go further up, I think we will see some price action in the green area.

It would be weird to go above that without any buyers coming throughout the range that big, but sellers should be coming too as that price is relatively high anyway.

I am definitely not saying, we will see the action now. In fact, I expect another wave to the downside without going to higher levels. But one day, we will return here and I would like to see some action in the green filed area.

Feragatname

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