BTC Daily Update: Globally (Weekly Timeframe): Although the week is not over yet, it can be seen that the weekly candle (if it closes close to the current price) is a candle of complete uncertainty.. which allows SM to continue to keep the public in a state of fog.. At the same time, it should be remembered that the general trend: Bitcoin is in a continuous upward trend, with a pattern of higher highs and higher lows, which indicates the continuation of the positive momentum... With key supports: $92,000 - a historically significant level. $100,000 - strong psychological support. With resistances close: $109,500 - the most recent all-time high. $110,000 - a psychological level that may pose a challenge for a breakout. What further indicates the overall bullish trend is the moving averages: The short-term and medium-term moving averages (20, 50 and 200 weeks) indicate a bullish trend, with the price above all of them. So weekly - Bullish scenario: A successful breakout above $110,000 could open the way to new targets, with some forecasts indicating a potential to reach $120,000 and even more. Bearish scenario: A failure to break above $110,000 could lead to a downward correction, with supports at $100,000 and $92,000. $BTC
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XRP From the higher time frame, the price cleared the liquidity pool and failed to continue the upward movement, receiving local manipulation within the daily time frame FVG and an aggressive selling reaction from the H1 FF FVG.
The price then created a new FVG in the H1 time frame, with its partial or full filling we expect to see a continued downward movement towards EQL and the marked targets.
Bitcoin has formed a sideways movement in the green zone ā a stage of accumulation before an impulse. During the current correction, the main liquidity was taken. I expect the start of a local increase from the current price towards the upper border of the channel. In the longer term I would like to see a breakout to the upside.