Candidates, today we will discuss the current situation on the Bitcoin (#BTC) chart 🪙.

Let's start with an update on my previous global analysis🔗. The situation is quite interesting — once again, the prediction was spot on. As expected, during the downtrend, the daily imbalance was covered, followed by an upward movement that pushed the price to $59,000.

On a more local chart, a clear 10-day range has formed, with a deviation below the lower boundary observed last Thursday. This movement confirmed ✅ the range’s goal: accumulation by a large player 🐋 — the initial liquidity sweep from below is aimed at buying at favorable prices.

Currently, we have two support zones ➡️ the primary one (result of the deviation) - Bullish Order Block 🐃 1 day $56,805-$57,541 and a secondary one - similar Order Block on the 8H $55,422-$56,300. A pullback to these zones is unlikely❎; however, if a correction does occur, I will use the opportunity to add to my positions, which I recommend you do as well!

What should we expect next❔

The large player has already accumulated their positions and, under favorable news, will start pushing the price upwards. The targets at the moment are a retest of the old CME gap, breaking through the upper boundary of the range at $62,470, testing the Bearish Order Block at $67,612-$69,770, and clearing the large liquidity pool above the equal highs at $72,000.

#BTC☀ $BTC $ETH $SOL #BlackRockETHOptions #PowellAtJacksonHole #ETHETFsApproved #Write2Earn!