🚀 MARKET UPDATE: $BTC / USDT 🚀
🔹 Scenario 1 (Bearish Rejection): Watch for a potential rejection from the Daily FVG (Fair Value Gap) and Weekly Bearish Continuation region between $64,700 – $65,700. This area is holding a major liquidity pool, and a sweep of this liquidity followed by a downside move is highly anticipated.
🔹 Scenario 2 (Bullish Reclaim): If buyers manage to push through and reclaim $65,700 as support, the next logical target is a push toward $68,200. This level aligns with the current Quarterly Open, where another strong rejection could occur given the aggressive dump witnessed at the start of the month.
📊 Short Market Analysis: Following an aggressive move on the Monthly Open, the market typically seeks a mid-month pullback or an accumulation phase before continuing its broader directional trend. Expect some choppy price action and consolidation around the middle of June as liquidity gets cleared from these key levels before the next macro expansion.
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