Nearby liquidity has been swept, a decent shelf has formed below, and price is slowly being pulled toward it
I wouldn’t look for longs simply because the bigger picture hasn’t changed—the narrative is still bearish, and we haven’t been given a hold above 81–82k$ 🫡
Hi updates are available; you can try to take advantage of the trend in the long position. Be aware of increased volatility—the trade carries higher risk!
Lately I’ve been actively monitoring it too, and for obvious reasons it always needs to be done, considering it as one of the supporting metrics
Here the situation isn’t the clearest either. The nearest liquidity was picked up—simply it was in the very first inefficiency. Then it gets more interesting: the next “fat” shelf is located beyond local support at 80k. Here you’ve got a round number, another inefficiency, and overall it all looks fairly reasonable within the context of the subsequent move up—so if we don’t see further re-accumulation (buying back), the closest and most reasonable target is exactly 79–80k$!
P.S. yes, there’s plenty of it there and even lower, but I wouldn’t look that far just yet—right now it’s a bit too early to just slam it and forget the “long” button, to put it mildly
The first target of the upward correction at 2400.00 has been achieved; the price is halfway to the second target at 3150.00. Given the current situation, I’m considering a more optimistic scenario of reaching 3650.00—but not immediately, rather through a local downward correction. Globally, the scenario remains unchanged. I’m preparing an overview for you to bring clarity to the current situation.