#btcusdt
The price is currently testing the lower range of the Bollinger Bands. A break below the (60,179) level could lead to further slip as it tests lower support levels due to weak buyers on the weekly timeframe.
The Relative Strength Index (RSI) is approaching oversold territory, making any bounce above the (70,000) level an attempt to regain control, but it remains weak unless strong buying momentum appears.
The market maker is currently trying to keep the price within the sideways range to absorb liquidity from retail traders who are betting on a clear direction. The primary goal is to accumulate contracts at lower levels before determining the next destination, exploiting the "panic" to push the price through psychological support areas to trigger stop-loss orders for buyers before any real rebound.
Short
Enter when touching the middle line of the Bollinger Bands (70,947) if it fails to break through.
Short
Open the position upon a break of the (60,000) level with a confirmed weekly close.
$BTC
The price is currently testing the lower range of the Bollinger Bands. A break below the (60,179) level could lead to further slip as it tests lower support levels due to weak buyers on the weekly timeframe.
The Relative Strength Index (RSI) is approaching oversold territory, making any bounce above the (70,000) level an attempt to regain control, but it remains weak unless strong buying momentum appears.
The market maker is currently trying to keep the price within the sideways range to absorb liquidity from retail traders who are betting on a clear direction. The primary goal is to accumulate contracts at lower levels before determining the next destination, exploiting the "panic" to push the price through psychological support areas to trigger stop-loss orders for buyers before any real rebound.
Short
Enter when touching the middle line of the Bollinger Bands (70,947) if it fails to break through.
Short
Open the position upon a break of the (60,000) level with a confirmed weekly close.
$BTC