‼️$BTC – Analysis according to daily / weekly / monthly frames
🥇Daily frame:
BTC has broken into the value area of 3 days ago and returned to test the most traded price level at the peak on 4/3. The price was clearly rejected and left a weak peak above. There is a possibility that the price will come back to fill this area but it may take a few weeks. To continue rising, the price needs to hold the current area, with the next target being the closely situated bottoms above.
🥈Weekly frame:
What is important is how the weekly candle closes. If it closes below last week's high value area, the market is still going sideways and may drop to the low value area. Below 65k, there are many closely situated bottoms that could become targets. If it breaks above the current area, the overhead trading resistance is not significant and the chance to advance to 80k will be quite favorable.
🥉Monthly frame:
The monthly structure is quite similar to the weekly frame but there are still about 2 weeks left to confirm. If the monthly candle closes below the low value area, the price may create a new bottom, and there is even a possibility of dropping below 50k in the coming weeks.
