Bitcoin is looking a little heavy since creating a dead cat bounce on Aug 29, rebalancing some of the Weekly SIBI FVG from Aug 17 which closed as an extended range candle.
Price is within a daily range between 28184 high and 25234 low.
I am expecting the monthly pool of sellside liquidity to be targeted in the coming days reaching for 24750 price level.
If price reaches for the low, then the algo is likely continue to spool lower toward the two underlying daily BISI fair value gaps as outlined in the chart between 24000-22276 and 21882-20964 over the coming weeks, likely before end of Q3 in October.
Price is within a daily range between 28184 high and 25234 low.
I am expecting the monthly pool of sellside liquidity to be targeted in the coming days reaching for 24750 price level.
If price reaches for the low, then the algo is likely continue to spool lower toward the two underlying daily BISI fair value gaps as outlined in the chart between 24000-22276 and 21882-20964 over the coming weeks, likely before end of Q3 in October.