🛑 $BTC USD important update‼‼ why BTC suddenly went down? BTC's next dump is $90,000.. 🤯
✔✔How are you everyone? So today we bring an important update for BTC. Why did BTC, which was on the way up, suddenly go down? BTC's next stop is $90,000 and in what kind of area will this down stop? Let's talk about this with technical and SMC analysis. The chart related to these updates is below.
🔸I found the bearish order block that caused this down on the 15 min chart. The first one is marked in red in the image above. So why is this order block so important? If you look closely here, we can see that this OB has tried to brake twice. The first time it made a high at $97,966 and touched the OB and went down. But it was not a big dump. The second time, a wig was made above the OB and this is the continuation down. So the confirmation we have there is that many sell entries there have been stopped by stop loss hunts. So the market is hunting liquidity before a big movement. So this is why BTC, which started to fall to $98,300, is now continuing.
🔸So I currently see the bullish order block on the 1 hour chart as an area where this dump will stop. So this order block is a valid order block with a BOS. This dump will stop at a price between $90,746-$91,884. So going into long trades at this time is not a good idea. So have a good day everyone. So don't forget to follow us to continue to get updates like this.