$BTC / $USDT - TA OTD đź“Š - In partnership with @OKX
Everything going according to plan so far!
$106 to 104K level held and provided the perfect entry for a bounce just as expected.
But what should we expect next? Well, just follow me!
👇
If $BTC wants to show some real strength, it is mandatory for bulls to step in quickly and not allow the price to have too big of a dip.
I know we all like to buy cheap, but in a strong uptrend, pullbacks are usually very limited.
That's why I would really like to see a strong bounce from the most important support and resistance level, just at $106-104K.
Well, if we simply zoom out, we are expanding on this the power of 3 I have posted several times over the past weeks.
Market makers have manipulated the price down to $98K and gathered all the liquidity needed to move to an all-time high.
But above all, we are still trading in a range for two months.
So we can't exclude some further choppy price action.
Since we are in a range, we are forced to respect the key levels of the range: high, mid, and low.
So now all eyes are at the mid-range, where bulls need to step in to confirm the bullish move to the range high.
I still can see a further move higher mainly because we have left a lot of unfinished business up at $110.8K.
In fact, as you can see, we have 3 equal highs there, where plenty of liquidity lies.
That's it for today.
And remember, nothing in this thread is financial advice; all my content is for educational purposes only!
If you like this thread 🧵, hit that like ❤️ button and repost the first message!
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