$BTC Daily Update
So BTC Price Action has been played out as expected so far. You could check my previous analysis for more information.
Very strong bearish momentum after mitigating premium and unmitigated daily supply range that we have been waiting for. Price have collected a lot of internal liquidity in Dailly Fractal Structure and I assume the next level price might go is down to $44.000
There is daily flip demand zone at the level of 62.000 - 63.300, and we might get a bullish reaction from that level, but I personally think that level will be used as liquidity and price to mitigate 59.000 - 61.300 demand range. And that is where we could get a bullish reaction If we get any.
Do not try to catch any longs before getting any bullish reaction from the demand zones.
Shorts from 65.200 - 68.000 more probable imo
Very strong bearish momentum after mitigating premium and unmitigated daily supply range that we have been waiting for. Price have collected a lot of internal liquidity in Dailly Fractal Structure and I assume the next level price might go is down to $44.000
There is daily flip demand zone at the level of 62.000 - 63.300, and we might get a bullish reaction from that level, but I personally think that level will be used as liquidity and price to mitigate 59.000 - 61.300 demand range. And that is where we could get a bullish reaction If we get any.
Do not try to catch any longs before getting any bullish reaction from the demand zones.
Shorts from 65.200 - 68.000 more probable imo
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