**short term analysis - hours and few days ahead**
After a brief retrace to the L3 on the weekly Camarilla Pivot and convincing bounce and close above the upper channel of the CPR, BTC is geared for the next move. The first resistance is the 100k barrier on the R3. I expect a slow grind up to to $100k before the end of the week. Inability of this happening before end of the week would invalidate this idea.
Key supply zones on the weekly camarilla levels are at $100,600 and $103,500 while important demand zones are $96,600 and $95,000
Stay cautious and keep an eye on these levels for potential trading opportunities!
Trade closed manually
Trade failed to reach !00k target before the end of the week. New levels have been formed and its import to adapt quickly. Trade closed at breakeven
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.