#BTC/USDT Weekly Update! $58k first!

9 Eyl#BTC Weekly:
Closed red at $54,881. Holding the 54K support is a positive sign in the short term. However, the price action seems incomplete, with substantial liquidity sitting around the 48K and 43K levels (as mentioned in my previous article on BTC).

The key focus right now is maintaining the 54K level.
If we lose this level on the daily chart with a confirmation candle, expect lower levels to be swept soon.

That said, as long as we hold the current level, we could see a retest of 58K to capture liquidity.

BTC Daily:-

The daily chart looks promising, as the price has bounced off the support, with a confirmation candle printing today.

Stay tuned, and I’ll keep this chart updated.

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Thank you

#PEACE

9 Eyl

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This is how the daily chart kooks.