$BTC My Current Market Thesis,
Price swept the range highs (81256), formed the SFP and rejected pretty strongly.
Now the market dynamics are leaning more towards bearish side,
With tons of liquidity stacked below us which imo should be taken out soon.
From my POV, what can happen next is that:
We could see a retest of 78.5k or TWO (78.9k), then form a lower high around there,
And head towards the lower POIs, which are monL (76.6k) and current range lows (75.6k).
Overall, so far our first major pivot worked out pretty well and now looking to see how price develops further.
Till then enjoy weekend guys.
Price swept the range highs (81256), formed the SFP and rejected pretty strongly.
Now the market dynamics are leaning more towards bearish side,
With tons of liquidity stacked below us which imo should be taken out soon.
From my POV, what can happen next is that:
We could see a retest of 78.5k or TWO (78.9k), then form a lower high around there,
And head towards the lower POIs, which are monL (76.6k) and current range lows (75.6k).
Overall, so far our first major pivot worked out pretty well and now looking to see how price develops further.
Till then enjoy weekend guys.
