#btcUSDt 1D analysis👑
So, mates, let's go back to the chart to figure out the reasons for both yesterday's growth and the preceding manipulation on Tuesday🔍. Spoiler: everything becomes clear even with a cursory examination
💁🏻♂️The retracement of more than 6% at the beginning of the week had an understandable purpose - to knock out market participants who placed a stop loss over the last Swing Low, the 'Swing Failure Pattern' - false invalidation of the bullish bias ($67.300 level, showed it here🔗) without consolidating below, and as a consequence - without changing the trend to a downtrend.
- Supreme Commander-in-Chief, but why does MarketMaker have to do this? And what is the correlation with yesterday's momentum toward $70,000❓
➡️Having knocked long position holders out of the market, the big players🐋 had a great opportunity to buy back into the market on the lows, taking advantage of opposite orders and liquidations.
The next day, when less nimble traders started to open short positions, with sharp momentum the whales knocked them out as well, selling their liquidity assets for $70,000 - an important round level✔️
It looks like MarketMaker plans to keep the market in a debilitating range for some time to come, with occasional manipulation. We will NOT fall for these provocations🚫, and focus on the alt and especially, Ether!🔹
