$BTC swept the $74.5K liquidity cluster overnight and has been consolidating ever since.
Looking at the updated liquidation map, two new clusters stand out.
One sits just below the recent liquidity sweep low, while the other is located above the previous low volume weekend range.
As mentioned earlier, I expected this sweep, especially with significant bid support sitting below price.
However, despite taking out that liquidity, buyers have failed to produce a meaningful bounce.
Not looking particularly strong here. Today's US open will be important.
#BTC Price Analysis# #Macro Insights#BitcoinFiveWeeklyLosses
Looking at the updated liquidation map, two new clusters stand out.
One sits just below the recent liquidity sweep low, while the other is located above the previous low volume weekend range.
As mentioned earlier, I expected this sweep, especially with significant bid support sitting below price.
However, despite taking out that liquidity, buyers have failed to produce a meaningful bounce.
Not looking particularly strong here. Today's US open will be important.
#BTC Price Analysis# #Macro Insights#BitcoinFiveWeeklyLosses
