#BTC 🤑 | 11.10 | MARKET REVIEW

MAIN IDEA
The global narrative is bullish.
The local picture is moving sideways.
Trade priority — buy upon approach to 87 395.67.
Bitcoin continues to demonstrate positive dynamics on higher timeframes, although there is no confirmation of further growth yet.
On lower timeframes, buying remains the priority despite local bearish sentiment.
Under these conditions, in my humble opinion, it is better not to gamble in the casino, but to give the price an opportunity to determine the direction of movement.

STAY CALM. OBSERVATION.
MYCAD ♠️
1M | GLOBAL CONTEXT
Bitcoin retains signs of bullish sentiment on the monthly chart.
Sellers tested the strength of buyers twice at the historical level of 64 854.00. In both cases, the price showed a positive reaction, followed by a rise with a breakout of the descending trendline and the price consolidating above it.
However, the October monthly candle does not yet confirm the continuation of the upward movement.
At the moment, the October candle's range is 8.51%. The average monthly range is around 15%.
Hypothesis regarding the nature of monthly candles: after a monthly candle changes color, subsequent candles tend to retain the same color for several months. This pattern requires further verification.

LEVELS OF INTEREST:
SUPPORT: 64 854.00
RESISTANCE: 126 201.37
CONCLUSION: OBSERVATION.
BULLISH FACTORS ARE PRESENT. THERE IS NO CONFIRMATION OF CONTINUED GROWTH YET.
1W | WEEKLY CONTEXT
After breaking through the resistance level of 82 850.00, the price moved sideways.
A new resistance level of 87 395.67 formed on the chart.
The price broke through the 82 850.00 level, collecting liquidity above the previous high, but after reaching 87 395.67, further growth has not occurred yet.
The nearest liquidity levels on the weekly chart are now located closer to the current price.
At this stage, the weekly chart provides no additional factors for forming a trading priority.

LIQUIDITY LEVELS:
LONG LIQUIDITY: 74 967.97
SHORT LIQUIDITY: 87 395.67
CONCLUSION: OBSERVATION.
1D | LOCAL CONTEXT
Bitcoin remains in the greed zone (green area), despite updating the local support level at 82 874.93.
The resistance level of 87 395.67 remains the main reference point on the daily chart. Previously, the price showed signs of preparing to break through it, but instead of continuing upward, a decline followed — the collection of long liquidity.
The price may continue forming a local bearish structure within the uptrend, successively updating support levels. Confirming or invalidating this scenario will require further observation.

LIQUIDITY LEVELS:
LONG LIQUIDITY: 80 393.56
SHORT LIQUIDITY: 87 395.67
CONCLUSION: OBSERVATION.
4H | PRICE BEHAVIOR
The price attempted to break through the resistance at 87 395.67. The prolonged consolidation was accompanied by three approaches to this level.
However, instead of breaking through the resistance, the price collected long liquidity by falling below the support level of 82 874.93.
At the moment, the price is forming a possible false breakout of the lower boundary of the sideways range. According to the scenario under consideration, after returning to the range, the price may move toward the opposite boundary — 87 395.67.
On the 4H timeframe, the priority remains buying upon approach to 87 395.67. I am not considering purchases below this level due to an unwillingness to spend risk on an intermediate move.

LIQUIDITY LEVELS:
LONG LIQUIDITY: 80 393.56
SHORT LIQUIDITY: 87 395.67
CONCLUSION: OBSERVATION.
AN OPPORTUNITY TO ENTER A BUY — ONLY UPON APPROACH TO 87 395.67.