Bitcoin
Globally, there are signs that the market has started to 'wake up', so efforts to work out long positions need to be increased. In the context of the current situation, we note that the price has removed the previous low of the month. It has also absorbed two months of correction in the market.
Closing the month at this level can be interpreted as a signal for a bullish market. In the short term, we expect the month to close and a pullback to the 0.5 range of the previous candle.
The structure has formed; the correction will either be to the 0.5 range of manipulation or a repeated test of the mirror level, which is the break of the structure. We are not looking at anything else in this range.
We consider the price correction into the FVG area, or possibly going below the zone of $82,792 with the potential to update the local minimum. Then we expect the formation of a local structure and a move to the level of $100,000 if there is confirmation in the form of a strong impulse at the close of the weekly bar or a high wick.
