BTC Daily Analysis
In the current scenario, we are witnessing a small correction aimed at mitigating the inefficiencies in the discount array. Once this mitigation takes place, we can anticipate a pump that will help mitigate the weekly breaker around the 34,000 regions. The reaction of the price at this weekly breaker is of utmost importance for BTC, as any adverse reaction could lead to the creation of new lows.
At present, our expectation is for a pump towards the 34,000 regions (from a Day time frame point of view) in order to clear buy-side liquidity and effectively mitigate the weekly breaker.
