$XRP #BTC | Local review and entry point for long
Hello everyone! So, friends, the week has started as expected ⬆️ There is enough liquidity on both sides, and we also have Powell's speech today, so let's consider what to expect from the market in the next 24 hours 🔎.
➡️As I expected, the price went to test the $120k zone, but to be honest, I wouldn't call this a false move; it looks more like a logical exit from the triangle upward, and it can generally continue if Powell starts mumbling about a rate cut, although for the most part, the reduction has already been priced in since the last speech.
At the moment, I do not plan to deviate from the plan and will only operate strictly in long from the liquidity pocket. The nearest local level capable of holding the price with the goal of continuing the upward movement is the level of $113.7-115k, where the bullish imbalance is located, as well as the main compression of long liquidity 💪.
So far, the local plan is as follows, but if the buyer fails to hold this level, the price will likely move towards the main zone of interest on the daily chart, which was marked ➡️ in the last Bitcoin review.
Wishing everyone a pleasant trading week! Stay alert, the week promises to be extremely volatile and interesting. I will do my best to ensure that each member of our community can take advantage of every opportunity provided by the market ✅.
