๐ BTC Market Analysis:
- ๐ Current Position: BTC is at a critical juncture, with indications suggesting the bottom might be in after an impulse from $58k.
- ๐ Resistance Levels: Facing high time frame (HTF) resistance, mid-range of larger range, and highs of smaller range.
- ๐ฆ Market Dynamics: Price appears to be influenced by entities on Binance, which could lead to significant movement upon resistance breakthrough.
- ๐ Potential Scenarios: Anticipates either a breakthrough or intentional removal of resistance, potentially leading to substantial price expansion.
- ๐ฌ Caution for Traders: Advises caution on entering fresh long positions amidst confluent resistance levels.
