Technical analysis by Aryaman_SmartContracts about Symbol BTC: Buy recommendation (5/19/2024)

Bitcoin Daily Bias: We have taken the liquidity from the March-April lows and tapped into the 4h fair value gap, creating a manipulation block at the 59,000 discount level. The price has broken back into the range with two bullish fair value gaps. The draw on liquidity in the current upward leg could reach the March high or even go beyond. This market structure shift suggest a bullish trend, making it a favorable time to go long on Bitcoin. We are looking for entry points on lower timeframes.