Over the weekend, there were attempts to overcome 108882~ on $BTC , and the attempts were unsuccessful, although we are trading quite close to this level. At the moment, it seems more likely that this zone will be taken out and only after a correction, and there are two scenarios for the development of events.
The first scenario is the removal of the liquidity pool at 📈108882~ and after that, we are likely to face a short correction into the inefficiency zone on the daily timeframe which starts from 104600~.
The second scenario, in the case of external factors, we immediately go into correction📉, and the zone 108882~ will already serve as our first zone for profit fixation.
🔹Globally, the targets remain unchanged: 110373, 110653.
P.S. I believe that the opening of the NY trading session for SPX500 will set our direction for this week. I remind you that last week SPX500 once again overcame its ATH and is trading above by 0.7%. It seems quite good, but let’s not forget that billions of dollars💰 are at play there, and this could be the external factor for Bitcoin's movement.
