Around the Block | 18
Macro price action, on-chain data, and market structure. No noise.
May 11, 2026 | By William Sanchez Jr., Founder of A.W. Block
The measured-move target from the $65K–$74K base has been reached. Bitcoin closed the week at $82,179, directly inside the $82K–$86K supply shelf I flagged in #16, pressing against the 34 EMA at $83,302 on a conviction-character long white candle. The breakout is executing on schedule. The 34 EMA is now the only thing standing between structural repair and the next leg.
None of this is financial advice.
Don’t trust, verify.
Let’s dive in.
TL;DR — Key Takeaways
Weekly trend remains transitional; the base measured-move target at $83K–$84K has been reached and price is now testing the 34 EMA at $83,302, the line that converts short-term recovery into medium-term trend repair
