โฐ Time Frame 8h
๐ First note over the course of two months and the range 102397 - 105360 is the one holding Bitcoin
๐ Second note since breaking the range 96970 - 99533 it has not been retested
๐ Third note the current structure is positive and it lacks news to support it + liquidity
๐ผ The target for Bitcoin remains to achieve a rise between 117604 - 129281
โญ First idea if Bitcoin cannot regain trading above 105360 it means it lacks momentum and liquidity and the nearest range is between 102397 to 99533 with many buy orders + stop losses for many trades
โญ Second idea Bitcoin breaks above 105360 and this is the first signal and the follow-up will be if this breakout will allow it to reach 109590
๐ Things are positive so far but most losses are coming from futures contracts due to overexaggeration in trade volumes this matter requires attention - any pressure in the market is harmful to alternative currencies and we will have a separate analysis for them apart from Bitcoin
