I am aware that BTC is totally bullish on MTFs ( Monthly, Weekly, Daily ) but I will not be surprised if bearish momentum kick in upcoming days when ( if ) price reaches to Daily POIs which marked on the chart. $62.700 - $65.000 and $67.000 - $70.100 are two good supply zones to look for sells targeting down to $48.800 min.
Note
Note
It is logical to expect a sell reaction from the daily supply area that the price is currently in. If I see strong selling pressure, I will look for an entry on lower time frames. Otherwise, I expect this high to be used as liquidity before the price mitigating the upper supply zone.
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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.