$BTC - The price is currently testing the lost high-timeframe support range I highlighted in prior PAT Updates, which has been a strong reversal spot over the last couple of weeks.

The price has once again failed to break above it, which is a clear sign of weakness.

I believe that the best approach on the low-timeframes right now is to remain somewhat cautious and ready for a potential rejection, until we see clear signs of strength that confirm a breakout above both the high-timeframe support range and the 1D Bull Market Support Band, which has been the main resistance zone over the last couple of months.

If we get a rejection here, I would look to scale back into my hedges, since that would open the door for a deeper pullback on the low-timeframes back into the high-timeframe support range, marked in blue and aligning with the early-April bottoming formation.