Based on previous analysis and erroneous news that a Bitcoin futures fund was approved, the price was able to climb to the $30,000 range and then corrected.
Currently, the price between 28,000 and 29,000 dollars is forming liquidity.
The range that is the trend for 50 days is trying to break this level and can be considered as a sign of changing the structure of the market to an upward structure up to the range of $32,000.
If the price stabilizes between the declared ranges, we can expect an increase, but before that, we may have a short-term drop to the $27,000 area.
Currently, the price between 28,000 and 29,000 dollars is forming liquidity.
The range that is the trend for 50 days is trying to break this level and can be considered as a sign of changing the structure of the market to an upward structure up to the range of $32,000.
If the price stabilizes between the declared ranges, we can expect an increase, but before that, we may have a short-term drop to the $27,000 area.
Trade closed: target reached
