BTC 2023 outlook
BTC broke it's April high and is heading to sweep liquidity at 32500 with possible CME gap closure above (35200). Retracement to low 28s/high 27s (0.5-0.618 fib) though is the next probable move from current top to grab sell stop loss and eliminate late longs.
After possible filling of CME gap above the next logical move would be to fill fair value gaps below and the 21k CME gap with possible dip to 14k to grab some liquidity.
Confirmation of a downward trend from 32500+ would be a break of imaginary support trend line at the third touch (1st was 20k and 2nd was 25k).
After this the real bullrun is highly probable.
After possible filling of CME gap above the next logical move would be to fill fair value gaps below and the 21k CME gap with possible dip to 14k to grab some liquidity.
Confirmation of a downward trend from 32500+ would be a break of imaginary support trend line at the third touch (1st was 20k and 2nd was 25k).
After this the real bullrun is highly probable.
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