The BTC price finally reached $65,000, updating the high of August 25. At the moment, the price reached $65,200, liquidity behind the high was removed. Now the price has gone below $65,000.
The signal of a local high is now set on the 30-minute TF. And although this is a younger TF, the significance of the $65,000 level can add strength to this signal.
The nearest target for continued growth by volume levels is $65,892. But even if the price tested it in the near future, this “throw behind the high” an hour after good data that did not cause a pump on the market does not look positive now. It looks like a hunt for liquidity and a bull trap.
In P73 Trend & Target Dynamics, an alert was set for a transition to a stable downtrend on the 15-minute TF. This could be an important signal.
