hi, as we've seen multiple times before, the BSL (Buy-Side Liquidity) has been targeted tonight, but the SSL (Sell-Side Liquidity) remains untouched with a significant accumulation.
I identify 4 scenarios. I've been bullish since the price reached the 25-26K level. Therefore, I believe one of the initial three scenarios is possible, but which one is the most likely?
BTC experienced a 4% pump in 6 hours, which falls short. It requires more momentum from new buyers, so it's not scenario 1.
Between scenarios 2 and 3, if the price targets the lowest liquidity around 26300, it could result in consolidation followed by a reversal. However, if it pursues scenario 2, the upward trend may continue!
Thus, I conclude that scenario 2 is not only likely but also the best possible outcome.
I hope you found my analysis favorable. I'll provide an update later.
I identify 4 scenarios. I've been bullish since the price reached the 25-26K level. Therefore, I believe one of the initial three scenarios is possible, but which one is the most likely?
BTC experienced a 4% pump in 6 hours, which falls short. It requires more momentum from new buyers, so it's not scenario 1.
Between scenarios 2 and 3, if the price targets the lowest liquidity around 26300, it could result in consolidation followed by a reversal. However, if it pursues scenario 2, the upward trend may continue!
Thus, I conclude that scenario 2 is not only likely but also the best possible outcome.
I hope you found my analysis favorable. I'll provide an update later.
