🔥🔥TECHNICAL ANALYSIS $BTC 🔥🔥

✅So, as I have speculated in previous days, the low volume which the price entered into the support zone is revealing its next plans.

✅So, past few days price has reached the support zone and it was in low volume.

✅Which I propsoed that it can be either of 2 of following price actions.

✅One is, there are no active buyers which are willing to buy this price level and the sellers were doing tests of this level to check whether there are major buyers left in the area. So,the tests were successful and sellers are commited to push the pirce down.

✅The other one is, it can be intentional mark down of the prices to trap sellers in bad trades and hit stoplosses in small traders.

✅If the price pass through this support zone and manage to stay below it, we can conclude that sellers won.

✅If price get rejected and recovered above the support zone, we can conclude, it was a stratergy by market makers to trap sellers and hit stop losses.

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