$BTC | Analysis | DYOR

Hi guys, sharing with you my personal opinion on near term Bitcoin price developments. Liquidity pool highlighted by yellow box was wiped out and immediate displacement (distribution) down happened afterwards. Well, price bounced back from 67500 price mark. That's not retail support and resistance ideas. Again whales can not sell entire bags by one transaction, they want to sell at max possible prices. This can be achieved only by moving price down and up building more exit liquidity. Current move up is not more than building a mitigation block plus filling FVG unfolded by the first distribution round, a re-distribution is expected from the current area. US dollar index also showing strong up move which is bad for $BTC . Paying your attention that the current price action remains above Fib 50% which is premium prices area. Whales, institutions, funds that have billions under control do not buy here, they sell what was bought below Fib 50%. I expect to see $BTC below Fib 50%. Current analysis invalidation criteria is price moving above red line first.

Stay safe,

Thanks