$BTC UPDATE
🥸Let's traditionally start our work week with our main cryptocurrency - BTC💥
🟢Technical Analysis:
💵Globally on Bitcoin, the “Right Shoulder” of the PG&P pattern has formed.
As we know, this is a strong reversal pattern that serves as a strong Bullish factor.
💵Also during the day you can notice a false exit beyond the trend pattern of the “Ascending Triangle” pattern, this false 👎exit removed good liquidity, for working out the Ascending Triangle this is good, since without removing liquidity, juicy liquidity is formed from below and the price before working out the pattern may initially go to its collection.
🟢Smart Money:
💸At 1W TF, you can notice the formation of a juicy OB, which can serve as a strong factor for growth if the price closes above 63300 at least.
💸We also still have juicy liquidity in the form of EQH around 72000,
🟢Wyckoff:
💸During the day, we see the Range, where the manipulation of the Loyas takes place.
💸We have not yet had a deviation from above, and EQH at 72000 serves as a magnet for the price, that is, at a minimum, we can definitely expect Bitcoin above 72000.
🔥Locally🔥:
🐶Since we had the month closed, the price formed a huge gap in the area of 62000-61000.
And the lower gap at 59800 is still untested
☄️BUT, will it be tested this time?
⚠️The question here is complicated, since the area 62000-61000 now acts as strong support for the price.
💥Therefore, there are 2 options for the development of events
1️⃣ - bounce off the first gap
2️⃣-we push through the first gap, and go down to the second smaller gap.
