#BTC_Update 8H The hidden bullish divergence and also the golden crossover on the EMAs however is still valid as of now. However, price action looks weak and there is possibility for the price to grab the liquidity in the lower side before continuing higher.
The liquidity located between $64k - $62.5k is pretty big and I think this is a perfect place for the wick fishing structure as well.
Current BTC drop is more likely to be the short term correction because of the sentiment in the market. Equity market is in the blood red and so is the crypto market.
However, I see this is to be temporary to make the higher low structure in the bigger picture. Soon enough, we'll see the reversal.
