SO BTC EXPERIENCED TWO DAYS OF DOJI CANDLES AS PREDICTED TO ELIMINATE SELL ORDERS IN THE 60K AREA
Today, Saturday, October 5, 2024, BTC price is growing quite well on the small frame m15, the nearest peak of 61k4xx can be broken through to find the previous liquidation sweep zone 62k3xx (where quite large sell orders pushed the price down to the 59k-60k area) which is also the disputed area broken of the H1 frame down structure
Looking at the CVD order book, only the PURPLE whale supported the market price, the other fish participated quite cautiously. It is possible that NONFARM tonight is the reason why the small fish did not participate
Check firechart shows that the sell wall in the market price area is stacked up to 63k2 area. The buying wall has not been pushed up, the phenomenon of temporary lack of liquidity is happening.
The buying wall area is currently listed closest to the 60k7 area and gradually retreating to the 58k area
This shows that short-term selling pressure is still there, and you guys should watch the reaction of the 60k area to buy up.
It is best to listen to the Admin's command after the news to place the order for sure!! $BTC
