After scanning liquidity in the 108k range, $BTC is currently back-testing the 112k mark, which is quite an important price area because if it breaks upwards, it will also confirm the break of the downtrend. However, this is facing many difficulties as the sell volume here is relatively large, meaning it supports the continuation of the downtrend.
$BTC will have about 2 days to break out, but after this period, it will be the weekend, along with the closing of the August candle. In the case of no sudden buy volume, it is highly likely that the last 2 days of the weekend will enter a new downtrend cycle.
$BTC will have about 2 days to break out, but after this period, it will be the weekend, along with the closing of the August candle. In the case of no sudden buy volume, it is highly likely that the last 2 days of the weekend will enter a new downtrend cycle.
