I'm looking at daily timeframe, BTC has broken daily 34 EMA, and now it is fighting against horizontal resistance at 22.3-22.6K. if BTC succeeds to break it then pink and green scenarios will play out. More likely they will.
Of course after breaking the mentioned resistance everybody will open long and wait for 28K, but we' it reaches to 24-25K/ a horizontal rectangle and triple top target/ we'll see retest of the daily trendline and horizontal support at 21-22K with long liquidations, then bounce and retest 28K the most important resistance. As I posted in my previous analysis 28K horizontal resistance and trendline retest is inevitable. For more details check the bellow analysis I attached the link. Don't forget to check my analyses that proves BTC bottomed at 17.5K on 18.06.2022.
Like and follow please if you like my ideas.
Of course after breaking the mentioned resistance everybody will open long and wait for 28K, but we' it reaches to 24-25K/ a horizontal rectangle and triple top target/ we'll see retest of the daily trendline and horizontal support at 21-22K with long liquidations, then bounce and retest 28K the most important resistance. As I posted in my previous analysis 28K horizontal resistance and trendline retest is inevitable. For more details check the bellow analysis I attached the link. Don't forget to check my analyses that proves BTC bottomed at 17.5K on 18.06.2022.
Like and follow please if you like my ideas.
