update btcusd : second target taken hello,
new update.
Altseason is coming. Bitcoin is ready.
SECOND TARGET TAKEN --> orange line at 91.500.
New lower low..
New liquidity recover before the big hit. The 90555$ was a often observed target. for tons of reasons we spoke in prev pubished idea.
Now we have millions in liquidation above the 101K range, qhich, accordily with the strategy and analysis coincides with the next target zone.
Now it's a crucial time to see if btc will mitigate the rally, taking the next target, drop down to the last selling tp zone @ 86K before reaching the new target around 120K and above.
On the other hand, collects the selling tp sooner. This downward pushing will indicates a reversal till the last ineffeciecy point and buy zone. Even if this move will collect definetly more liquidity, and will probabily encourage a bigger pump to the next rally, it will reverse the weekly trend, which has been maintined bullish since sept 24, meanwhile the monthly up trendline from 2022 keep to its course.
So, if the price drops to 86K, probabily the next important zone will be the 78K. due to liquidation and orders open sustaining this idea.
shapewise we will create a cup-shaped which is a good scenario for the bullish phase.
