We were expecting that #bitcoin☀️ sweep of $71.9k for a few days, simply based off of the #Volume of sell orders in that area. So far we have seen a 5.2% retracement to the lows. Notice, once again, the 2021 #ATH. at the $69.2k area is significant as it is being respected as 4 hour support.
This is also where the Developing Month Value Area Low is too. We are seeing large buy orders now starting to build in the $65k - $64k area so this is something to keep in mind in the coming days, but a small area of liquidity also sits at $66.8k. For now I am watching the price action develop and soon we make our next move.
LIVETMC
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#Marketupdates
#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.
#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.
Aviso Legal: inclui opiniões de terceiros. Não se trata de aconselhamento financeiro. Poderá incluir conteúdos patrocinados. Consulta os Termos e Condições.
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