Colleagues, throughout yesterday, Sherlock saw little to no meaningful change, but a look at the Bitcoin (#BTC☀ ) 🪙 chart earlier in the week is still considered necessary.
The picture is quite simple ⤵️
The price is gradually moving up from an uptrend originating from the major spill from August 6th. 🎯 Global targets remain unchanged: liquidity pool near round $70,000 and behind equal highs of $72,100. The nearest resistance where I will be watching price reaction is Buy to Sell 1D $67,600-$71,990.
Locally we also have a price-magnet - FVG $61,400, where we can see a small manipulation. Nevertheless, we do not open short positions neither to cover this FVG, nor to re-test or remove liquidity behind the trendline: we work in accordance with the bullish 🐃 mood and only take up longs!
In conclusion, there are no preconditions for strong impulses in any direction 🙅🏻♂️
Rising volumes and a large pool of liquidity around $70,000 continue to bias your Sherlock towards longs, but it is worth waiting for more clear signals on indicators and metrics to open new positions 🕒
I will definitely inform you about all changes immediately, friends, but for now my advice remains unchanged - continue to hold the long positions gained at the bottom and gradually fix them as they increase 💰
#CryptoMarketMoves #Write2Earn! #BinanceBlockchainWeek #TelegramCEO $BTC
