#Bitcoin❗ has still not tested those sell orders at $71.9k - $73.6k, and we have seen a slight increase in the number of orders in this zone too. We can expect #resistance in this area as it would be an #ATH. push, so considering the amount of #liquidity there we should be prepared for the scenario of a strong rejection when the bids are hit.
We continue to see $70.3k (Monday High acting) as strong support. If we get significant rejection, I am interested in taking a long at $69.2k which I will update if this comes, beofre comes i want to close my $BTC long at price of $73400.
Let's have another great day! Thankyou.
LIVETMC
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#Marketupdates
Yesterday #Bitcoin❗ gave a perfect retest of the $70.4k Monday High area, and holding above $70.6k (Prev Week High) on every 4 hour close. Until these levels are lost, we can assume #Higher .
The real #liquidity in the order books tells us that too- The biggest volume of orders are still sell orders between $71.9k and $73.6k. There are now 3000 BTC worth of short positions in this zone yet to be swept.
#ThankYou
Yesterday #Bitcoin❗ gave a perfect retest of the $70.4k Monday High area, and holding above $70.6k (Prev Week High) on every 4 hour close. Until these levels are lost, we can assume #Higher .
The real #liquidity in the order books tells us that too- The biggest volume of orders are still sell orders between $71.9k and $73.6k. There are now 3000 BTC worth of short positions in this zone yet to be swept.
#ThankYou
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