🛑Why did $BTC pump again from the $94,700 price? What kind of thing is BTC getting ready for🤯BTCUSD important update...
✔✔Hey guys, as I said, the other update for BTC came. So, as I said, BTC dropped from $98,000. But even after taking a drop from there, it only dropped to a big 94k. So what will happen from here? Why is BTC getting ready for this? Come on, let's talk. I have listed all the charts related to this update below.
🔸So you can see that BTC has reversed from the blue retest area above. So after that, BTC gradually dropped to the $94,711 price. If we take the 1 1 hour chart, we cannot come to a clear conclusion that BTC stopped here. But after further analysis, I found a valid bullish order block with a bearish brake of structure (BOS) on the 15 chart. So that's what I've marked in red as the 15 min bounce area. So this is where BTC started to pump again. So someone in a long entry can hold BTC for a price between $97,859-$98,552.
🤔So if BTC goes down again, where will it go down from?
🔸So I'll answer your question like this. The bullish order block on the BTC 15 min chart can only be valid for a small pump. That's because we don't expect big movements in small time frames. Day traders know this very well. So we can't expect a big pump or dump in such a small time frame. According to my analysis, BTC can bounce back from the $97,800-$98,500 price. That means the bearish order block above2. So comment your thoughts below. Also, don't forget to follow us to get important updates like this every day. Have a good day everyone.#signals