BTC NEW Update (4H)
Updated
Considering that Bitcoin is in a trading range, has swept the lower liquidity pools, repeatedly tested a support knot, and has a liquidity pool above the trading range, it is expected that this bullish move will either be absorbed into the higher liquidity pool on the chart or that pool will be swept.
After these two scenarios, it is expected that the price will drop and then bullish again from a support knot that has not yet been tested with a bearish wave.
A daily candle closing above the invalidation level would invalidate this analysis.
This perspective is applied to Bitcoin.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
After these two scenarios, it is expected that the price will drop and then bullish again from a support knot that has not yet been tested with a bearish wave.
A daily candle closing above the invalidation level would invalidate this analysis.
This perspective is applied to Bitcoin.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
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It was analyzed from the price of 97153, and so far, it has pumped over 5% and reached the supply zone from the previous analysis.
Do not look for sell/short positions until we get stronger confirmation.
In the next analysis, we will update Bitcoin.
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