BTC PLAN ANALYSIS THE FIRST WEEK OF OCTOBER đ„đ„đ„
-According to Liquidation Heatmap, the most liquid area is currently at 67Kxxx.
-Orders with volume of 1M-10M are showing signs of cooling down in the past week while orders with volume lower than 100K-1M continue to show positive signals.
-The H4 frame $BTC is forming a very strong resistance around 66K, the current RSI is starting to show signs of divergence, the decreasing volume signals the weakening of the uptrend.
-OI has returned to the sideway level, short trades have been liquidated or longs have taken profits, $BTC is unlikely to run strongly during this period.
Conclusion:
Expect $BTC to correct around 64Kxxx then shoot up to take the bar area around 67Kxxx.
