$BTC is consolidating now can it still dip to $55K or $51K region again? Read full post we answered it with full explanation .
As in last post we mentioned BTC will consolidate here and create liquidity at lower side. Now how they can create more liquidity ? In this post we will use some psychological facts as well as technical analysis .
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#BTC☀ is looking bearish still we can see a dump to 55K region after some more consolidation here. As we discussed yesterday their is not much Liquidity on downward side. Every one also Bullish and want a pump in market. Market have to make them Bearish before it hit 80K. The only way it make bearish them is dump BTC. To dump BTC downward they want liquidation at lower levels . To create liquidation at lower levels they will show you a BOS (Break of structure ) now. After that more people will open longs and definitely liquidation will be created at lower levels . So, then maximum chance we see a downward movement . Now a question arise to which point it can go down ?
Answer is simple it will go down untill it show us quick recovery in liquidity area when we will see it then you need to confirm is reversal forming or not. When you see such candle then 95% chance it will last dip and market move upward from there. We are expecting such movement from below given area:
1. $54,700 - $55,350 in this region we also buy more using 40% funds out of remaining 60% funds. May we see quick bounce from this region if market consolidate for 6-10 hours more here and then show a dip.
2. In unpredictable situation market can dip to $51K. We will use remaining 20% funds to buy here. As we mentioned it is unpredictable mostly Chance BTC bounce from $55K region. But always prepare for such situations also.
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