Djawad_Afsharirad

BTC Update: July 23rd TL;DR: . Still range-bound . The blue line is a daily support level hence punting a long . Inefficiency above and liquidity levels are targets . Deviations below the daily support have not materialized into selling pressure

BTC: Local Price Action TL;DR: . price is range-bound . a reclaim of the grey rectangle above might lead to upthrust. I will exit my short in that case. I believe in that case range high (red) is highly likely. . a move towards eq lows will most probably send the price towards the demand area.

BTC: Acceptance above "Range High"? Tl;DR: . dormant volume . at major resistance . thick wall of liquidity around 24K . wicks in this area mean: most probably distribution . acceptance above range high denotes a shift in narrative . context is range-bound with low volume which sets the perfect stage for liquidity hunting . acceptance below mid range means YO will be probably tested . considering the context is range-bound I will pursue aggressive profit-taking

With all due respect, chart is simple and telling enough. DYOR. Good luck!

TLDR: . EMA 9 is lost and momentum is weakening. . Reclaim EMA9, the golden pocket just above, and the daily level (23078.71) and Range High will most probably be next. . Any wicks into the 3D zone (21185 - 21815) will fill the inefficiency, and if followed with strength ( Volume + Structure) will be a good bid. . Local support is tired. . I expect a higher low to be printed between 21500 - 21800

I am leaning towards the red scenario, but I am ready to jump in if the green comes to pass.

This is a possible range BTC is moving in. To move up, BTC might need to grab some liquidity down below. Price is showing some signs of exhaustion e.g. the stoch RSI in the daily timeframe . The three-tap pattern at the top makes it all the more legit. This is the possibility I am leaning towards. Good luck.

TLDR: . A possible hidden bear divergence at critical resistance. . CPI release might drive the price all the way up to the golden pocket above. . Reclaim the range low with consolidation after breaking above the diagnol, and then range low will be a decent bid. . Close the current candle below the golden pocket down below (white) and new lows are likely. . Hands-off for now and waiting for this candle close to determine the possibilities ahead.

Considering the confluence of resistance at these levels, shorting seems to offer a great R/R.1. Signs of weakness are present in LTF: Bear divergences in 3H, 2H, 1H/ Triple tap into resistance in 15Min/30Min.2. The liquidation map shows heavy longs at these levels, so a lot of liquidity lies at FVGs down below at critical support zones, which line up with the golden pocket.Red: of weekly significanceBlue: of daily significance

Some points to mention regarding the chart:1. The significant role of MA21. 2. The steady and consistent volume, albeit at lower levels compared to the previous bull rally. 3. The 2.5 - 3.5. is of great significance considering the price history in this region. The manner of breakout is consequential.