$BTC We front ran the EQH's at 87.3k and then saw 9 bearish candles in a row on 30M.
This shows that the MM's took the wheel and front ran the highs so they could take out the late longers who were chasing this pump earlier.
Now, the reason why this move down is a shakeout is simply because there was no bullish action throughout the drop.
Just a straight 3% drop without giving bulls any chance to take control.
Obviously, this means the liquidity/imbalance hasn't piled towards the upside, as no shorts were targeted throughout this drop.
Now, we saw the last 30M candle close as a shaved bottom, representing Smart Money's entry again, hence why the current candle is closing Green.
The MM's are gonna push price higher from here simply because they manufactured more liquidity towards the upside during this drop.
A retest of 85.7k is more than likely here if we continue holding 84.4k.
If we manage to reclaim 85.7k, then this liquidity is going to help them push price back up towards the EQH's which were left untaken.
MM's not just hunt liquidity, They also manufacture it. #BTC Price Analysis# #Macro Insights#
This shows that the MM's took the wheel and front ran the highs so they could take out the late longers who were chasing this pump earlier.
Now, the reason why this move down is a shakeout is simply because there was no bullish action throughout the drop.
Just a straight 3% drop without giving bulls any chance to take control.
Obviously, this means the liquidity/imbalance hasn't piled towards the upside, as no shorts were targeted throughout this drop.
Now, we saw the last 30M candle close as a shaved bottom, representing Smart Money's entry again, hence why the current candle is closing Green.
The MM's are gonna push price higher from here simply because they manufactured more liquidity towards the upside during this drop.
A retest of 85.7k is more than likely here if we continue holding 84.4k.
If we manage to reclaim 85.7k, then this liquidity is going to help them push price back up towards the EQH's which were left untaken.
MM's not just hunt liquidity, They also manufacture it. #BTC Price Analysis# #Macro Insights#
