💎Paradisesr, it’s time to delve into the movement of the king of cryptocurrencies, #BTCUSDT. As we observe its behavior, we notice an intriguing pattern following both high and low trajectories. If the price manages to maintain strong bullish momentum at the obvious support level (Ob), we can anticipate a price breakout, surpassing previous highs and setting new targets at Fibonacci levels.
💎However, let’s also consider an alternative scenario: if the price #BITCOIN loses momentum at the Ob and drops below it, the probability of a breakdown from the recent low becomes more likely. In this case, the price could directly touch the FVG level of $56,632, which holds substantial liquidity. As savvy traders, we remain vigilant and take action based on price movements.
💎Furthermore, there’s another intriguing level below the FVG a flagged zone and an Ob level which appears on the weekly timeframe. The presence of double dollar signs ($$) emphasizes its significance. We must keep a close eye on this level, as breaching CRYPTOCAP:BTC could lead to a significant downward move