LIVE๐ **BTC Update: 24 hours Sunday Navigating Price Movements**
**Current Analysis:** BTC took a dip from $52k, forming an Order Block (OB) and a Change of Character (CHOCH). Now, it's back up, with a Fair Value Gap (FVG) in play. If you want to understand more about OB CHOCH FVG look at my other post.
**What's Happening:** BTC tried to fill the AVG but bounced back. Currently, it's hovering in an upper OB, a Supply Zone where sellers are lurking. However, there's a juicy liquidity pool above, indicating big players may push for higher prices to execute sell orders.
**What to Expect:** If the whales succeed, we could see a push to $52.4k, a strong resistance level, before retracing to fill the FVG and find support in the lower OB around $50k.
**Conclusion:** Keep an eye on $52.4k as a potential resistance point. If reached, expect to fill the FVG before a possible drop to $50k support zone. There is the best time to buy the dip.
Let me know below which part you want to emphasize more in upcoming post. I will share more insight. Meanwhile, stay sharp, hodlers! ๐ช๐
