$BTC Going into the next week, I'm observing these two scenarios that are likely to play out:



The first scenario is where we reject from the Daily FVG / Weekly Bearish Continuation region between 64.7k-65.7k. This area is currently a major liquidity pool, and I expect it to be taken out.

If we manage to reclaim 65.7k, then a push towards 68.2k will come into play. That level is where we have the current Quarterly Open, and a rejection from there is quite likely considering we dumped aggressively at the start of the month.

Whenever we see an aggressive move on a Monthly Open, whether it's a pump or a dump, we usually see some form of pullback or accumulation around the middle of the month before continuing in the broader direction.

That's pretty much what I'm expecting to play out this month.
BTC0.19%
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HighAmbition
· 3h ago
To The Moon 🌕
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TokenTinkerTao
· 4h ago
If 65.7k can't be reclaimed, it probably means testing 62k again. Better to be cautious.
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PixelUniverseCat
· 4h ago
In the 64.7-65.7 range, I placed a limit order—hope it doesn’t get wicked out and wipe me out.
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FoldedYield
· 4h ago
You're right, after the violent market movement at the beginning of the month, there’s always a pause in the middle of the month, and this month probably won't be an exception.
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DustyAlpha
· 4h ago
Quarterly Open 68.2k That position feels like it will fake out a breakout and then come back down.
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GlassDome
· 4h ago
The script from early to mid-month is too familiar, first throw and then collect, the old routine.
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AirdropOnTheDune
· 4h ago
FVG around 65k is indeed a key level; let's see if we can clear out the liquidity this week.
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