22/07/2023
Crypto
Well after 1 Month of Trading BTC is still Consolidating within 7% Range liquidating funds Both sides. But we should be Prepared what will happen when BTC Resolves out of Range. Well FOMC Next week which means Market will start Pricing for event from Monday, Means Market Makers can hunt liquidity Both Sides (next week will be Full of Liquidations).
lets analyse the Price Action. Pa wise its still trading with in Monday Range hunting Sell Stops and Buy stops of the Monday range (30353 - 29700). I expect BTC to grab the cluster of Unmitigated HTF and LTF Liquidity till 30600 or even 31234 during weekends before falling lower from Monday if market wants to resolve lower to target low side Liquidity till 28.4 - 27.5k or Unpopular Opinion Market May Target HTF Liquidity/ 0.5 Golden Fib level of 2022 swing Highs and Swing Lows which is a Max Pain Scenario for Shorters before going down again.
In Simple words - Break above 31.8K can take the PA towards 33k - 35k - 37k Or break below 29.5K can take the PA towards 28.4 - 27.5 - 26.8k when BTC Breaks Out of Range
