Bitcoin Price Flow From Liquidity Grabs to Structural BreakoutsBitcoin Price Action Analysis:
In recent sessions, Bitcoin has been consistently making Breaks of Structure (BoS) to the upside, indicating a strong bullish trend. Most recently, after forming another BoS, the market retraced downward and precisely tapped into a previously established Bullish Order Block (OB). This reaction led to a temporary upward movement; however, during this process, the market also created a zone of internal liquidity.
Currently, Bitcoin is showing signs of a downward move again, potentially aiming to capture Internal Drawdown Market (IDM) liquidity. Just below this level lies another key Order Block, which could serve as a strong support zone. If the price reacts positively from this region, we might see the market initiate another upward leg, potentially forming the next Break of Structure to continue the bullish narrative.
Note: Always perform your own research (DYOR) before making any trading decisions.
