The direction of Bitcoin was so far uncertain do many market news.
However, now we can see a clear liquidty run to the downside, meaning that a high probability that the price will go up.
Combination with fib retracement level.
Liquidity run below the red support indicates a bulish bias for today.
NY session may give more trials for this conclusion.
Fib levels may serve as targets, since we still can´t ensure this is a reversal.
price currently consolidating in small range.
Expectation is the price return to the zone in which the liquidity run ocurred last week, below the red support.
This zone can become a re-buy zone as the bullish intention was intense in this price level
Price is inside a corrective channel, what indicates a potential continuation to the upside.
recently there was a liwuidity run, below the support (red line) which is another confirmation for the up move.
After breaking a weekly resistance the price is consolidating, and the forecast is a retracemente to the down side due the liquidity run.
The price may consolidate in the level for a while before moving.