Bitcoin must make these 2 key moves !
As we can see on the chart, the price remains stuck in the inefficiency zone, showing a lot of liquidity since last week. Over the past two days, the price has resumed an upward trend, but it is still moving a bit slowly in the inefficiency zone.
#1 In this analysis, I want you to see that liquidity has decreased daily since last week, leading me to believe that Bitcoin could gain strength at any moment and break through my white trendline. This would be the first move I’m looking for to confirm that Bitcoin is ready for an uptrend. (Buying pressure)
#2 Once the price breaks through my white trendline, I expect the price to reach this green order block and reject at the confirmation zone. this rejection is a key point, However, it is precisely at this point that after the rejection, Bitcoin could gain momentum to break through the green order block and thus confirm its bullish trend.
Let's see what happens this week. In the meantime, buckle up because it’s going to be a very volatile week due to the scheduled economic news.
Best regards, and thank you for supporting my analysis.
#1 In this analysis, I want you to see that liquidity has decreased daily since last week, leading me to believe that Bitcoin could gain strength at any moment and break through my white trendline. This would be the first move I’m looking for to confirm that Bitcoin is ready for an uptrend. (Buying pressure)
#2 Once the price breaks through my white trendline, I expect the price to reach this green order block and reject at the confirmation zone. this rejection is a key point, However, it is precisely at this point that after the rejection, Bitcoin could gain momentum to break through the green order block and thus confirm its bullish trend.
Let's see what happens this week. In the meantime, buckle up because it’s going to be a very volatile week due to the scheduled economic news.
Best regards, and thank you for supporting my analysis.
כתב ויתור
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