Hi,
Bitcoin has swept 48k level which was followed by a strong break in daily structure. The price is now balancing liquidity within d1 gap.
If the price fails to push the price to new highs now, it should trending down from here.
possible mid-term targets are:
40222 - previous range lows
34025 - 50% of the weekly move, weekly gap, volume gap (most likely)
27502 - 50% of the whole move from the 2022 lows
Bitcoin has swept 48k level which was followed by a strong break in daily structure. The price is now balancing liquidity within d1 gap.
If the price fails to push the price to new highs now, it should trending down from here.
possible mid-term targets are:
40222 - previous range lows
34025 - 50% of the weekly move, weekly gap, volume gap (most likely)
27502 - 50% of the whole move from the 2022 lows