Assessing two potential scenarios for BTC, my bias leans bullish. The recent closure of the CME gap and successful liquidity sweep above the gap contribute to this optimistic outlook.
However, a critical factor to consider is the breaker block, particularly as it aligns with a corrective wave level, creating confluence for the short side. Monitoring the market's response to this level is crucial, as a retracement might occur, possibly heading towards the 36k-32k range. Staying adaptable to evolving market dynamics is key in navigating these scenarios.
However, a critical factor to consider is the breaker block, particularly as it aligns with a corrective wave level, creating confluence for the short side. Monitoring the market's response to this level is crucial, as a retracement might occur, possibly heading towards the 36k-32k range. Staying adaptable to evolving market dynamics is key in navigating these scenarios.
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