$BTCUSD $BTC $XBTUSD Analysis (Supply and Demand Perspective)
-Blue boxes show areas that have been engulfed
-Orange boxes are fresh supply/demand zones
-Price appears to be flagging towards the Supply zone above it - This is a very strong supply zone so it will be interesting to see what happens
-Lots of demand zones underneath price to keep it up
Observing how price action plays out closer to the supply zone - we could well break it and continue higher but I definitely think we will at least see a retracement first once we hit supply
-Orange boxes are fresh supply/demand zones
-Price appears to be flagging towards the Supply zone above it - This is a very strong supply zone so it will be interesting to see what happens
-Lots of demand zones underneath price to keep it up
Observing how price action plays out closer to the supply zone - we could well break it and continue higher but I definitely think we will at least see a retracement first once we hit supply
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