$Bitcoin update
No news for a month now. The price is still fluctuating between 60K and 66K; whenever it dips to 62K we see a rebound, and whenever it reaches 65/66K it gets rejected.
The goal is clear: gather liquidity from both sides, and the inevitable target of 70K is coming for sure.
To reach it, I first expect to see liquidity being pulled out from the 60/61K zone, then a strong move up toward 70K.
As for if the market maker wants to take a shortcut, we’ll see a strong daily candle that breaks through the 65/66K zone directly and heads toward the inevitable target.
After reaching 70K, and it may extend to 73, I expect the next leg down to complete the cycle’s bottom. Time is running out, and I still see October as a very likely area to form the bottom.
$Btc
No news for a month now. The price is still fluctuating between 60K and 66K; whenever it dips to 62K we see a rebound, and whenever it reaches 65/66K it gets rejected.
The goal is clear: gather liquidity from both sides, and the inevitable target of 70K is coming for sure.
To reach it, I first expect to see liquidity being pulled out from the 60/61K zone, then a strong move up toward 70K.
As for if the market maker wants to take a shortcut, we’ll see a strong daily candle that breaks through the 65/66K zone directly and heads toward the inevitable target.
After reaching 70K, and it may extend to 73, I expect the next leg down to complete the cycle’s bottom. Time is running out, and I still see October as a very likely area to form the bottom.
$Btc