Bitcoin Weekend Analysis

If the current H1 candle closes within the range of the previous candle, we may anticipate a potential movement toward the buy-side.

There is a notable draw on liquidity, with the Previous Daily High (PDH) and an unfilled H1 SIBI (Sell-Side Imbalance, Buy-Side Inefficiency) serving as key areas of interest.

Recently, we’ve also observed a Market Structure Shift (MSS) alongside a Change in Short-Term Direction (CISD)on the H1 timeframe.

In addition, price has shown multiple rejections from a support level formed by a M30 Fair Value Gap (FVG), reinforcing this area as a short-term accumulation zone.

Based on this structure, I expect price to accumulate between the 0.786 and 0.618 Fibonacci retracement levels, before redistributing toward our Draw On Liquidity (DOL).

Overall, my bias remains bearish, anticipating a sell opportunity after the SIBI imbalance has been filled and the PDH liquidity has been swept.