GM #toptraders
🌲 The first week of 2024 was not without manipulation. The liquidity on the cue ball was removed from above and partially from below, leaving equal loys. A balanced range is formed, which will later act as support or resistance depending on where we exit it.
👀 This week is another deadline for the BTC ETF. Many are waiting for approval. Regardless of what the SEC decides, we will see increased volatility in the market. In the event of a rollover, there are two zones of buyer interest below where price reaction can be expected. Clearly visible on the weekly chart. If approved, we expect withdrawals of $48,000 and $52,000.
Bitcoin's dominance showed strength last week and there is still room for growth. It is possible that ETHBTC will update its listing.
⭐️ All attention is on Bitcoin, and therefore we can get interesting TVX from alts.
It's going to be an interesting week. Let's keep our finger on the pulse and don't forget about RM. Last week has already punished those who like to play with their shoulders.