$BTC UPDATE
2024-10-16

The way yesterday's daily candle closure got me thinking. Closing as a bearish daily candle would have met my expectations for a strong bearish movement, but on a daily basis,  CRYPTOCAP:BTC  is still bullish but we are currently in Daily Supply range. 

Yesterday we had 4H strong liquidation in Daily Supply + Strong Bearish momentum 

The high 67.986 might get swept, then we might get a bearish momentum to look for confirmation shorts

OR

15m Supply in this 4H candle might hold and push the price to the 4H fractal low ( 64.773 )

I personally think that price will push higher to sweep the high but it is risky to take any trades before price showing its hand