$BTC Analysts
JULY 5th, 2024
On the daily timeframe, the price action of $BTC has successfully played out the pattern level and taken out its sell-side liquidity level, which was marked at $56,611 .
The price action has broken down the neckline of its compression level and is currently retesting below the level
PREDICTED DAILY RANGE
$52,035 to $52,247
On the daily timeframe, the price action has left an FVG (Fair Value Gap) and another sell-side liquidity level ,which will be squeezed out.
This could lead to a potential downward movement before any significant upward trend resumes .