#BTC Analysis
Current BTC price is 59800 today there is a Fed interest rate cut let's analyze how the market will react to this according to time price and quantum
There is an unclosed 49 50 k candle yes
but the liquidity value between 50 and 60k is changed by new values
buyers do not constantly buy from below no one wants to sell the goods they bought at a high price at a low price institutional and whales
let's analyze the price they will enter to hold the price
therefore we have an hourly rising channel
as you can see in the chart but let me write the prices that are not visible
57750 is the bottom point of the rising channel and the top corresponds to 62800
current support 58k orders will be entered over 58k 58500 reaction area but the price it will see is between 57500 and 57800
according to this analysis spot orders 58500 57700 57500 intensifies under these prices, no whale wants a price below it because falling from the rising channel will deepen the price and panic sales even more
prices to watch out for
reaction areas
57500 should not be lost
57700 trend contact
58000 psychological support
59700 Range entry
61300 fibo resistance should be won weekly
sales prices
62000 62800 63500
Ath Falling breakout 59k as long as it remains above this price, the expectation of an increase may continue
I have given the prices before, my friends who follow closely knew every price in advance, it is correct. Follow us for the rest of the analysis 👍
I am leaving the analysis dated September 12 here
