bitcoin. $25,000 or $12,000, which is earlier BTCUSDTHi all. Let's start the analysis with higher TFs. This will allow us to form a medium-term view of the BTC price movement
1M TF
After the price filled more than 50% of the imbalance in the monthly TF, the price got a reaction. It is 12 days to the close of the monthly candle, but if the monthly candle closes exactly as it is now in the screenshot, then the monthly OB, which was formed in the POI, will be formed.
2W TF
On the two-week TF, an order block has formed, which pulls liquidity away from the June low. An important support zone has been formed, from which the upward rally could continue.
1W TF
On the weekly TF you can see the structure. The main structure is marked in blue and the sub-structure is marked in yellow. Plus, the marked orderblock on the weekly TF has been updated, which means it is losing its relevance. Considering that there is already a bullish orderblock on the 2W TF, it is possible to remove all of the substructure hives of the weekly chart.
In addition, all of the previous orders on the weekly TF have already been tested, which means that their validity is questionable; they can both work out and be stitched (it is better not to pay much attention to them).
Assuming that we have a range. And there was a deviation from the bottom, then it is logical to expect a deviation at the upper boundary of the rand. Especially if we consider the reaction from the monthly FWG, the formation of the orderblock on the 2W TF, and the fact that previous orderblocks have already been tested.
Bottom line, the bias is more bullish. To work out this scenario, we need a continuation of the bullish orderflow of the 1D TF.
1D TF
On the daily timeframe we observe a bullish OF. This growth was impulsive, during this rally, the price did not mitigate and after updating the old high, we should see a good correction.
Personally for me long positions will be relevant in the area of the daily imbalance and mitigating block. If the price holds above 16,260 (there may be sweeps), the continuation of the bullish rally is quite realistic.
If a long set-up is formed in this area on the daily or at least 4H TF, the scenario with the deviation at the upper border of the channel on the weekly TF is relevant.
Targets
The targets in this case would be HH 1D, the highs of the weekly TF substructure, the order block of the weekly TF (since it is a structural element of the weekly TF) and the filling of the monthly imbalance.
There is no need to use this information "foolishly." Watch the price formation and watch your money management
