The drop to $75,247 saw a massive volume spike (the huge red volume bar reaching over 12.2k BTC). That heavy turnover at the absolute low tells me a lot of forced liquidations occurred, which got absorbed quickly. Volume has since cooled down to normal baseline levels (2.5k BTC) on this pull back to $77,500.
The upper wick near $78,819 and $79,603 shows seller pressure remains heavy near the top of the range.
I don't want to buy blindly right under the $78,000 resistance cluster. I'd prefer a clean retest of the recent sweep low or a disciplined entry closer to support where risk is strictly defined.
#BTC #USDollarFallsToThreeMonthLow #USThreeMajorIndexesPostWeeklyLosses
$BTC
The upper wick near $78,819 and $79,603 shows seller pressure remains heavy near the top of the range.
I don't want to buy blindly right under the $78,000 resistance cluster. I'd prefer a clean retest of the recent sweep low or a disciplined entry closer to support where risk is strictly defined.
#BTC #USDollarFallsToThreeMonthLow #USThreeMajorIndexesPostWeeklyLosses
$BTC