BTCUSD 1W
Bitcoin Liquidity Analysis: Possible Price Movement Scenarios
After liquidity was taken at the previous month's high, followed by the prior high at 108,353, the major liquidity zones have been cleared. Now, the primary focus is on last month's low, where a significant imbalance is observed (89,376.90).
At the moment, there is no apparent logic for the price to continue its upward trend without first clearing the remaining liquidity. However, the market remains unpredictable, and news events could influence the current scenario. We are currently in an accumulation phase, indicating the potential for an imminent impulsive move. The direction of this move remains uncertain.
If we think logically and consider market structure, the most probable scenario is closing the liquidity pool in the imbalance zone and testing last month's low. This will be our key target in the near future.
I continue to closely monitor Bitcoin’s movements and will soon share a more detailed idea for a short position (short).
It is essential to note that this analysis represents my personal opinion and is not a call to action for trading. Always conduct your own research before making any trading decisions.
Have a great weekend!
After liquidity was taken at the previous month's high, followed by the prior high at 108,353, the major liquidity zones have been cleared. Now, the primary focus is on last month's low, where a significant imbalance is observed (89,376.90).
At the moment, there is no apparent logic for the price to continue its upward trend without first clearing the remaining liquidity. However, the market remains unpredictable, and news events could influence the current scenario. We are currently in an accumulation phase, indicating the potential for an imminent impulsive move. The direction of this move remains uncertain.
If we think logically and consider market structure, the most probable scenario is closing the liquidity pool in the imbalance zone and testing last month's low. This will be our key target in the near future.
I continue to closely monitor Bitcoin’s movements and will soon share a more detailed idea for a short position (short).
It is essential to note that this analysis represents my personal opinion and is not a call to action for trading. Always conduct your own research before making any trading decisions.
Have a great weekend!
Trade closed: target reached
FVG WAS REACHED
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.