BTC Daily Market Analysis Updated June 24
Monthly: May has completed the liquidation of the liquidity above January, and June is expected to continue pushing upwards, aiming to conquer the liquidity area near May's high. However, due to tariff policies and the situation in the Middle East, the price briefly turned downward for a sweep. The current structure is intact, and the bias is that further liquidation of the remaining liquidity above is still needed.
From Coinglass's liquidation heat map, approximately 684 million of unliquidated liquidity is accumulated near 110,779, making it the most significant upward target; the lower liquidation area has basically been cleared, confirming the bias towards upward liquidation as the dominant direction.
Weekly: The current weekly structure is intact, showing signs of stabilization after receiving support from the FVG. If the strong momentum continues, the bias remains toward further upward liquidation.
Daily: After quickly rebounding from the pin insertion that filled the May FVG, the structure support was regained, and the bears failed to continue, indicating that the lower liquidation is basically completed. The structure remains strong, leaning towards continuing to explore the unliquidated liquidity at higher levels.
Summary: Multi-timeframe structure remains intact, daily quickly recovered after filling the FVG, weekly received significant support, and liquidity below the monthly has been liquidated. The structure still leans bullish, with the bias maintained upward, targeting the liquidity area at 110,779, and opportunities for long positions during pullbacks can be considered.