📍 Good morning, dear friends! According to yesterday’s analysis, the price moved down into the zone of interest and reacted upward from it.

📍 On the daily candles, the MACD indicator continues to form its bullish divergence, this is the second one—the first was formed on a wider segment. On the wider segment, you can also see a drop in volume to a new low.

📍 On the 4-hour candles, the indicator has already formed a second bullish divergence. Trading volumes on the decline have decreased.

📍 On the hourly candles, the indicators confirm the price’s intention to move higher.

📍 On the 15-minute candles, the situation is two-sided: you can see that there was a bearish divergence on both indicators, but the price has already flipped downward. There’s a suspicion that this was the correction to that bearish signal. We have another upward move, but its strength is still unclear.

📍 On five-minute candles, the volume balance indicator behaves as if there is confident growth, creating new steps each time. The MACD also points upward, but it shows weak signs—perhaps the price is waiting for a breakout in the volume above a certain resistance level in order to continue its confident rise.

📍 The heatmap gives us a hot level at 61.4k and a cold level at 57.8–59.4k. A higher density of volume is concentrated below the price level.

📍 My takeaway for myself is the following: nothing has changed since June 22. The indicators on higher timeframes from the daily and above are losing their negativity; at the bottom there are already moderately positive signals. On the 4-hour chart there is already a positive signal. On the hourly chart, we have confirmation of an uptrend. The smaller timeframes indicate that this upward path will not be easy and that the price will constantly correct.

You need to see how the price behaves when it takes the hot level of the liquidation map. It’s not hard to notice that the price has climbed back into the ascending flag pattern. If this is the formation of some five-wave structure, then usually the fourth wave does not go below wave number two.

📍 I’d also like to remind you that tomorrow, Friday, July 3, the US trading exchange will be closed because on July 4 America celebrates Independence Day. Because of this, expect today’s standard volatility, as for a normal Friday, during the New York session.

Keep an eye on updates in the comments to this post. I’m waiting for your well-argued opinion on this situation. Use my information only as a reference for how to approach market analysis, not as your own trading strategy or financial advice. Make your trades only based on your own analysis, experience, and conclusions. Green P&L to you, my crypto brothers 🙌.

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