BTCUSD ANALYSIS
On the monthly charts we have a bullish trend that is yet to break the monthly high.
On the weekly chart we have a break that is leaving considerable disequilibrium marked by the fresh order blocks. We are awaiting a correction targeting the 53,000 price handle.
On the daily charts, the price is yet to break and form a new confirmed high.
Around the 48,000 price handle we had an accumulation and multiple manipulation before the price distributed upwards to the present price handles.
On the 4 hour chart, we have new highs though there is no break on the daily, weekly and monthly highs.
Presently, we are awaiting for a clear break to either direction before placing a trade.
On the weekly chart we have a break that is leaving considerable disequilibrium marked by the fresh order blocks. We are awaiting a correction targeting the 53,000 price handle.
On the daily charts, the price is yet to break and form a new confirmed high.
Around the 48,000 price handle we had an accumulation and multiple manipulation before the price distributed upwards to the present price handles.
On the 4 hour chart, we have new highs though there is no break on the daily, weekly and monthly highs.
Presently, we are awaiting for a clear break to either direction before placing a trade.
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