The Elephant Jungle 4/7/26

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The Elephant Jungle 4/7/26BTCUSDT Perpetual ContractBYBIT:BTCUSDT.PRedElephant420As we sit in the premium section of the Current Range, the Bulls are trying to find some support to push them back up to the 1D Order Block. Right now, the only real support in the area is the 8H Internal Demand Range, with a 6H Order Block backing it up. To add more confluence to that zone, the Local POC and the 618 Golden Pocket are sitting right there as well. That makes this a prime spot to look for a long… But only if the Bears can push the Bulls back into that zone before price reaches the 1D Order Block. Now on the other hand… The 1D Order Block is still a hot spot for shorts, and we already know the Bears are active up there. They showed their hand by leaving inducement on the block and rejecting the Bulls before price could even tap into the zone. That tells us everything we need to know. If the Bulls do make it up there, the Bears might not just throw an uppercut this time… They might come with a two piece combo like Popeyes was serving a Tuesday special. So now it comes down to patience. We wait and see which zone gets tapped first before making a move… Or… We drop down to a lower time frame and look for an entry that lets us hitch a ride into one of these key zones. Let’s go down and see.