$BTC

A consolidation above or below an area of value gives us an edge of a possible big move ,this is because a consolidation means that big players are accumulating or distributing.

What doe's that Mean?

I expect price to remain around this 108000$~105000$ swing high zone for 1,2 or even more days .

This will be an indicator that price is building up for a reasonable breakout OR reversal . 120k leg up or back to 90k level.

What to focus on?

Lower timeframe (2,4) hr patterns & weekly candle .

When price is building up it tends to form chart parttens in our lower timeframe which can be used as an edge to predict next move

Conclusion.

This is an area to pay attention to and remain patient as the price accumulates enough liquidity for the next reasonable move to happen.

Based on the idea above we can execute successful trades because this is a (O.T.Z ) to give us a start of another lower timeframe trend .

Iwill provide updates on my day trade setups if available

Good trading week.