A short-term scenario for BTC

2023年6月26日

Hi all,

In accordance with my previous mid-term analysis for BTC (see link below), here is what I'm think about BTC's moves the next days to come.

It's just a possible scenario (among others) where BTC is forming an distribution pattern following wyckoff method. But I have a preference for this one.

What do you think about it?

All the best!

2023年6月27日

註釋

Update:

2023年6月28日

註釋

Prices are oscilating around the wickless weekly trendline.
Second SOW in Phase B has just been created. If this support hold?

2023年6月29日

註釋

Second SOW in Phase B was set and BTC is heading the upper side (UT)

2023年6月30日

註釋

Update

2023年7月3日

註釋

BTC is likely to head the UT (around 31800s), with some lags.

2023年7月7日

註釋

Reaching 32500 areas (UTAD Test) is not my favorite scenario any more. BTC has been showing weakness while being continously rejected by $31000-$31500.
On 1D TF, we can see a Three Black Crows pattern. BTC would go more down in short-term

2023年7月7日

註釋

Here is my current view, the final target ($27000-$27500) does not change.