📈 The week closed at $29,303#BTC#week #toptraders

Volatility is at historical lows.

▫️We received a reaction in the resistance zone ($29,000 - $31,000) and continue to be near it.

✅ Indicators are unloaded.

▫️Liquidity was removed from the previous week’s maximum.

▫️The structure continues to remain upward.

▫️Below 28300 (0.5 local Fibonacci) is the buyer’s zone of interest).

▫️Locally, you can continue to work in an upward direction until the structure is broken.

▫️We continue to be squeezed into a bearish wedge-shaped formation, similar to the bullish pattern June 2022 - January 2023.

Conclusions:

Considering that the growth occurs with minimal volumes, it is possible that this is just the removal of stops before further plunging. As long as the price has not consolidated above the resistance zone, there are still chances for a deep correction.

Areas of interest for the global correction are areas coinciding with Fibonacci levels ($23,000 - $24,000; $21,000 - $22,000; $18,000 - $20,000)

https://www.tradingview.com/x/TH3NXlkV/