We are even observing clear bearish breakout patterns. However, it is important to note that these movements should not drop any lower — what we are witnessing is likely a liquidity hunt. This is a classic tactic where the market seeks to push traders out of their positions, forcing them to sell in a panic, only for larger players to step in and buy at reduced prices.
If the price does drop below, institutional buyers in these zones absorb everything, clearing the market of weak hands. These areas often represent a zone of high demand, where significant buying pressure accumulates, resulting in a sharp price increase once the liquidity on the sell side is exhausted.
Interestingly, someone commented on my previous post, highlighting tomorrow's interest rate decision as a potential catalyst. Such macroeconomic events are often used to ignite volatility, acting as a trigger for sharp movements. If the decision aligns with market expectations or comes as a positive surprise, it could provide the momentum needed for a reversal, initiating a rapid recovery in the market.
Simply put, this pullback is designed to test patience and conviction. When liquidity is exhausted and the dust settles, those holding strategic positions may see prices rise sharply in response to renewed demand. Don't rush to exit too early — keep a close eye on these levels and broader market factors.
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