#BTC 1D #review

So, let's take it in order.

🪙The Bitcoin price was unable to break ATH, but

✔️they removed the April high, behind which there was probably a massive accumulation of liquidity, and also ✔️they removed the May and June highs, which formed EQH (the same highs).

🔥But most importantly, after removing such juicy liquidity, the asset was able to form an OB on the 3-day TF. I will not describe the importance of this OB, I will only say that this OB will be very significant.

🔭According to TA, we see that the price is testing the same global descending channel, which forms a bullish flag together with an upward impulse before it. This is a +1 factor that we can rebound from the current ones at least to the middle or edge of the OB. In such a scenario, we will locally form a GiP figure, which will signal a further price decline.

I am considering 3 scenarios.

🐻The priority one is orange, judging by the technical analysis and geopolitical situation, among other things.

‼️But on the way to a further price decline, there will simply be a support layer in the form of imbalances and OB. So we need to keep an eye on the white scenario too.

⚠️The red scenario is possible against the background of a strong aggravation in the Middle East.