BTCUSD daily insight

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the impulsive bullish move brought the price into a strong resistance area and the market is extremely over-extended ,so the next corrective move is about to start. The first support area is around 800 where we can expect a sideway movement, If liquidity increases there and price bounces a long position could be considered. However, bear also might become in control and bring price lower to next supports.

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ملاحظة

After retracing to the support zone, price is likely to grab some liquidity to start the next impulse, testing the previous resistance and possibly breaking it.

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ملاحظة

it seems price successfully bounced and started the next impulsive move heading to 10054 and eventually 11000 if bulls remain in control.

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ملاحظة

1hour perspective

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ملاحظة

Inverted head and shoulder completed and t upward move has been started. Watch for targets and close accordingly.