By the end of Friday, as the week concluded, BTC was unable to surpass Thursday's high. This inability led to a subsequent decrease towards the 28700 area, as was previously anticipated. Although they were rejected when nearing Thursday's high without managing to exceed it, their actions suggested a desire to establish a new local high.
For today's outlook, a favorable scenario would involve BTC reclaiming the 29500 region and maintaining its position above it with noticeable momentum. This outcome would invalidate the current bias and potentially indicate the emergence of a bullish trend. If this materializes, the possibility of revisiting the 29800 level arises, and potentially even reaching 30500.
However, if the price fails to reach the aforementioned region, the market may continue to trade within a range, causing additional breaches of lower lows.
