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🚨 Market Update - 👀
We were expecting that Bitcoin sweep of $71.9k for a few days, simply based off of the volume of sell orders in that area. So far we have seen a 5% retracement to the lows. Notice, once again, the 2021 ATH at the $69.2k area is significant as it is being respected as 4 hour support.
This is also where the Developing Month Value Area Low is too. We are seeing large buy orders now starting to build in the $65k - $63k area so this is something to keep in mind in the coming days, but a small area of liquidity also sits at $66.8k.
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