$BTC - The price has managed to break above the 2D Bull Market Support Band, which has been a strong reversal point over the last couple of weeks, and because of this, I believe that the low-timeframe market structure has improved significantly.

However, before I fully scale out of my hedges and rotate the remaining capital back into my spot holdings in order to position myself for a more durable continuation to the upside, I would like to see the price breaking above the $77,000 level, which aligns with the lost high-timeframe support range and the early-April 2025 bottoming formation.
So far, the price has failed to break above it and it seems like we’re seeing a rejection, which is why I want to see more confirmation before taking a more decisive stance on the low-timeframes.
For now, I remain partially hedged after scaling out of the majority of my hedges once the price reclaimed the 0.786 Fibonacci POI sitting at $65.9K.