$BTC We're kicking off the week strong and showing some solid gains.
This week, I'm expecting a test of the daily imbalance at the $68,000 level, and I'm considering a rise to that level through a potential test of the lower zone at $64,200.
After the imbalance test, I'll be looking to short the market further.
$ETH We're leaving a massive liquidity pool below and watching as the price creates liquidity and shows growth upwards.
Right now, we’re working with an important level, and beneath us, there’s a formed imbalance. In the near future, I'm looking for a correction to the imbalance and to gauge the reaction for continuing longs.
I'm interested in growth up to a strong level of $1800 - $1820, from where I'll consider shorts.
The USA and Iran have reached a peace deal; it's expected to be signed on June 19 in Switzerland. Oil price $CL — downtrend, $BTC cryptocurrencies — uptrend.
Iran has officially confirmed the signing of an agreement with the USA (the parties have signed a memorandum). ▪️ The USA is pulling out its troops and lifting the naval blockade. ▪️ Sanctions on Iranian oil exports are being lifted, and frozen assets are being unblocked. ▪️ The Strait of Hormuz is returning to normal operations. Markets are reacting: $BTC is on the rise, while $CL , on the other hand, is taking a hit.
$BTC The price since yesterday's update has shown a return to the range, forming an imbalance. We're currently seeing a test of that imbalance and the reaction to it.
I'm looking for a rise to the upper boundary at the level of $64.740, from where I'll start considering potential shorts.
$ETH We’ve formed solid support levels down here; honestly, I wouldn't consider taking them out right now. I’m more inclined to expect that the price will hold and show some upward movement.
We’ve got work to do on the 4-hour imbalance, and we’re seeing the first reaction. I'm looking at a rise to $1738 from the $ETH level, where we have a strong resistance level.
$BTC On the daily profile, there's a long imbalance, so the 61-62k zone is a support area. The main target right now is 65k, where we have single prints on the weekly profile.
Locally, we have imbalances in the order book towards the asks, so a local correction is possible. I'm holding a swing long from 61k to 65k 🤝
$ETH We've got some bullish factors for local growth. The price has flipped + tested the 4-hour imbalance, and we're currently also testing the 4h imbalance.
From the 1D perspective, the price is sitting in a resistance zone, so for growth, it's crucial to break above the $1725 level and hold. In that case, I'll consider going long up to $1892 where we have a daily imbalance.