BTC current 2024.09.06

1. 2 intertwined gray resistance zones above

2. 2 green collection zones below

3. 2 short liquidities above (dark blue numbers)

4. One long liquidity below (orange color)

You can see that the price is currently pressing the lower support of the collection zone. If it goes below this zone for a full day and cannot get back into the green box, it loses its effect and disappears from the chart

The other collection zone protecting the long liquidity below does not seem structurally strong.

There is no other liquidity below this long liquidity. However, if it takes this long liquidity and drags the price down further, it can create another liquidity itself.

The current collection zone has not yet been broken downwards. It has worked as support twice before, and now it is under pressure for the third time.

That's why we can't say it will go down from here and go up from there. We need to watch and decide according to the situation.

Good Luck to Everyone