đȘ Dear friends, greetings to all! Letâs take a look at $BTC and analyze the current situation.
đŻ From the weekly timeframe, we can see that there was a liquidity sweep below, bringing the price into the nearest support zone in the form of inefficiency. On the monthly timeframe, liquidity was swept above. This means weâve seen a deviation below and a deviation above, confirming the sideways range.
đ Tomorrow , Bitcoin will close the current weekly candle, and we can already see the formation of a zone where the initial selling volume entered the market.
đ Thereâs a region with the most traded volume (marked with an arrow) at levels below $98,000, specifically $98,340 and lower. My view is that the price will move towards these levelsâ$96,500 and $95,500âbefore continuing upward.
Why? Because the asset has a very strong premium and an excellent bullish momentumđŒ.
Disclaimer:
This is my personal analysis for educational purposes , Buy/Sell/Trade at your own risk. I am not a financial Advisor!!