#Solana $BTC #Binance #NFT #Web3 #Bitcoin

BTC has broken the trendline as well as the low at $64,500 so the chances of capturing liquidity below the bottom of the range at $59,000 increase considerably.

BTC will sooner or later come below $59,000, the question is above all: how will the price react?

Maintaining $59,000 ensures at least a consolidation in the range and at best a bullish continuation towards a new ATH.

On the other hand, a break of $59,000 ensures a return between $42,000 and $50,000.

In the short term, BTC is stuck behind the trendline which it is unable to re-enter.

BTC will remain bearish as long as it does not close above the imbalance which extends from $68,000 to $70,500 (= zone which also corresponds to the short RLZ of the last movement).

Note, there is a CME gap around $67,000.

As long as the trendline and the imbalance are not recovered, there is a strong probability of printing a rejection with a descending high in H4 (= the last H4 low at $64,500 having already been broken).

On the other hand, if the trendline then the imbalance were recovered, then the H4 structure will be bullish and the objective will become the capture of liquidity above $71,300, $72,900 then $73,800.

Be careful, if an ATH was broken soon and then immediately reintegrated, it would be very bearish because it would indicate a distribution signal so the price would then seek out all the imbalances below $59,000 (see graph below). $ETH $BNB