🪙 Dear friends, greetings to all! Let’s take a look at $BTC and analyze the current situation.
🕯 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 we’ve seen a deviation below and a deviation above, confirming the sideways range.
🗓 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.
📊 There’s 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 levels—$96,500 and $95,500—before continuing upward.
Why? Because the asset has a very strong premium and an excellent bullish momentum🔼.
Disclaimer:
This is my personal analysis for educational purposes , Buy/Sell/Trade at your own risk. I am not a financial Advisor!!
