BTC
From current levels, price must retrace before reaching that first target at 82814.
For now, I’ll be preparing this buy setup.
The only thing that bothers me a bit is the 61300 – 62300 zone, where the SL is located, because this entire bullish move happened without taking liquidity there.
But for now everything points to an internal structure shift, which means that from now on every structural low must be respected. And that’s the reason why the SL should be placed there.
The other issue is time. This retracement must happen at the beginning of September to have a higher probability of reacting in the buy zone. That way, we’d be buying below the monthly open.
If the retracement happens in the last days of August, then it’s not advisable to enter, because the drop could extend to 61,300 to sweep that pending liquidity.
This is just a first analysis based on the current situation. But I’ll be monitoring and updating constantly from now on.
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