Update#BTCchart in the medium term
I have compiled external data along with price analysis to come up with two scenarios as follows:
Scenario 1:
The sideways price creates a value area (auction area).
Simply put, this will be a sideway zone, with a 3k price amplitude sweep at both ends, and the price will go up from this zone.
Scenario 2:
The price will drop one more beat to 63k4 because there is an unscanned liquidity area there. This is also where I predict there will be a bottom divergence signal on frame D.
My medium-term target is still 72k, where there is a large amount of liquidity, prices often tend to find these areas.
You should find beautiful entry areas to Long Swing! #binance #bitcoin #btc #Web3 #ETH $BTC $ETH $BNB