What scenario to expect for BTC?
Here I bring this idea! remember what, no analysis should be taken as investment advice.
For BTC, we have an upward reaction that has sparked speculation of the supposed Bull-Run.
If you are one of those who consider that Bitcoin has changed its downward trend to an upward trend, and that we are already in the race towards previous highs, I bring you these areas so that you can take a look and analyze for yourself where to enter, my graphs are , just speculation.
After breaking the intermediate point $18400 and touching the high of the last bearish structural point $21473.7, we can identify the last upward movement as a bullish structural point, if this is the movement that is giving us the change in the structure, the areas to lend attention are:
As the first zone: $18,500
As a second zone: $17,500
These are the areas that I would pay attention to go higher.
To be careful, the zones are these, in case of entering LONG.
First area to be careful: $27,000 up to $30,000-
Now, why pay attention to these areas?
Personally, I think that we do not have a change of a bearish season yet, for me, the crypto market can continue to fall, (it does not mean that it should because I say so)
but we may be in a reversal of a Monthly/Weekly movement, which is why these areas are interesting to me, between 27k and 30k, and if we talk about important liquidity, we can see the FVG of approximately 33K (Monthly temporality) that has not yet has been rebalanced.
I see a pullback to these mentioned areas to continue falling.
For BTC, we have an upward reaction that has sparked speculation of the supposed Bull-Run.
If you are one of those who consider that Bitcoin has changed its downward trend to an upward trend, and that we are already in the race towards previous highs, I bring you these areas so that you can take a look and analyze for yourself where to enter, my graphs are , just speculation.
After breaking the intermediate point $18400 and touching the high of the last bearish structural point $21473.7, we can identify the last upward movement as a bullish structural point, if this is the movement that is giving us the change in the structure, the areas to lend attention are:
As the first zone: $18,500
As a second zone: $17,500
These are the areas that I would pay attention to go higher.
To be careful, the zones are these, in case of entering LONG.
First area to be careful: $27,000 up to $30,000-
Now, why pay attention to these areas?
Personally, I think that we do not have a change of a bearish season yet, for me, the crypto market can continue to fall, (it does not mean that it should because I say so)
but we may be in a reversal of a Monthly/Weekly movement, which is why these areas are interesting to me, between 27k and 30k, and if we talk about important liquidity, we can see the FVG of approximately 33K (Monthly temporality) that has not yet has been rebalanced.
I see a pullback to these mentioned areas to continue falling.
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