As I expected, the large institutions profited from their position, and I will wait for them to respect the price compression wedge guideline; in the event that it breaks, we can think about reaching lower levels like $94.430. If you do #trading of #futuros it could be an incorporation zone. I'm speaking to you, the Trader Engineer.
Today, the 6th of Kings, Bitcoin tests the institutional zone with the highest transactional volume in the last 19 days. You must be cautious, let's wait for confirmation of the structure or a bull market trap, which in my opinion is coming for a market incorporation #bitcoin
I said 105,500 USD, but it dropped to 103,000 USD, this could represent a bearish trap; before giving us the true movement which I believe could be bullish since we are in a high transaction volume defense zone. If the price remains in the defense zone or tests the lower part of the channel without breaking strongly, I believe we can take some longs in the market. I will be attentive to the movement #bitacora_del_inge_trader #HODLHODL $BTC
There is still a range of growth, there could be a setback for consolidation and absorption of the over leveraged at the price of 105,500 USD, but the upper part of the channel is everything #HODLHODL
When a guideline passes from the lowest lows to the highest lows, it shows us a trend, an upward trend in a micro channel, which has accumulation in the lowest part.
🚨If you ask me, I would give priority to shorts since on several occasions we have touched the price level of 59,500 without breaking it with buying force, however in a macro trend we are at the base of a bullish channel, so it is likely that there is a market trap before they offer us the real movement.🚨