$BTC After the unsuccessful attempt to increase to break through the monthly opening price zone (also the bearish engulfing candle pair on August 1-2), you are giving out candlestick patterns that signal hesitation in D1.
So this week is a quite important week to decide the upcoming trend.
Regarding the weekly Pivot analysis, this week the opening price is above CPR (Central Pivot Range), POC (Point of Control), so the weekly trend bias is bullish. However, the Money Zone and CPR are both quite wide, so you may run in a wide range or move sideways in a wide range (a few k prices).
Regarding the D1 candlestick, last week BTC formed 2 pairs of consecutive bullish reversal candles, so it is likely that you will return to test these areas in the first days of the week.
The good scenario is that the price returns to the weekly Pivot/VAL (Value Area Low), reacts strongly to create a beautiful bullish signal and then bounces back, breaking the monthly opening price zone at 64k6. If you break this zone, there is a high chance that you will reach the targets above (as shown).
The worst scenario is that the price breaks through the above levels without any reversal candlestick signal. When this scenario occurs, BTC can return to 58k-56k-51k.
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