The first scenario with the 1D impulse. We have entered the largest resistance zone at 28-32k. If you want to join the ride, I would suggest waiting for a local retest between 27-28.5k or for a breakout above 32k with a strong impulse (only with confirmation and SL strategy). I believe there will be an attempt to reach 32k as the current candles do not show any reversal patterns, and we need to reach higher liquidity levels where sellers could start selling again.
32k is a very important target, and we need to break it as soon as possible. Otherwise (in the second scenario), BTC can start ranging again, probably between 27-32k.
The third scenario will come into play if BTC fails to find support at 27k. In that case, it could drop to 23-25k, which is the largest liquidity zone, taking into account the MA200, RSI, and other factors.
32k is a very important target, and we need to break it as soon as possible. Otherwise (in the second scenario), BTC can start ranging again, probably between 27-32k.
The third scenario will come into play if BTC fails to find support at 27k. In that case, it could drop to 23-25k, which is the largest liquidity zone, taking into account the MA200, RSI, and other factors.
