BTC $BTC price pumped due to NFP news and tapped the 65,300 level but could not sustain the move and break pass the supply zone. Heavy asks are still absorbing the active buyers.
Lose the 0.618 fib level then 0.5 fib level will be the next cushion after that the drop might be amplified due to Put Gamma clusters sitting heavily below. The move to 60,000-61,000 will be amplified.
The supple zone is the one preventing Gamma flip on 0TDE and Weekly and also from shifting the market structure. Bulls are looking weak right now, they have been trying since Monday but couldn't get pass through this zone.
Near large liquidity cluster sits at 62,000, which will likely be the target next.
Lose the 0.618 fib level then 0.5 fib level will be the next cushion after that the drop might be amplified due to Put Gamma clusters sitting heavily below. The move to 60,000-61,000 will be amplified.
The supple zone is the one preventing Gamma flip on 0TDE and Weekly and also from shifting the market structure. Bulls are looking weak right now, they have been trying since Monday but couldn't get pass through this zone.
Near large liquidity cluster sits at 62,000, which will likely be the target next.