Hello everyone!
Analysis #BTC February 15, 2024
As my previous comment, BTC has penetrated the 51k barrier and has now reached the 52k8 threshold and then retreated. MM is still blowing up the price to create a fomo effect, small fish swimming with the dragon can still take orders from 500-2k at the price of BTC. However, MM's phenomenon of short price pushing on the white wall will not be able to maintain continuously like that, because the 53k mark begins to signal a release order. MM will have to consider very carefully whether to push the shorts further or adjust to the 50k mark, or even 48k (because the 44-46-48k areas all have quite a lot of buy orders).
Evaluation: I lean towards the scenario where BTC will adjust slightly down rather than continue to reach a new milestone. We should still scalp in the 1-2k price range to be able to reverse according to MMs at any time. And at this time, short is preferred over long
