BTCUSDT IMPORTANT PRICE LEVEL
BTCUSD currently formed an inside bearish candle and the daily ADL is moving horizontally (possible Distribution). The bullish scenario is to grab liquidity and continue the uptrend and the bearish scenario is to continue its decline toward the OB and balance multiple FVG blocks . If the daily close is outside the channel and below the 50% level then the price will have a higher probability to decline deeper but if the price touches the 50% level and grab liquidity and form an IFC candle then the up trend will have a higher probability to continue .
The Weekly/Daily/4H market structure are still in a strong uptrend
Good LUck
The Weekly/Daily/4H market structure are still in a strong uptrend
Good LUck
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