Let's zoom in on $BTC and see what's happening.
The candle that has a red circle on it is not a bearish candle.
Rather, it is the sellers' power move to absorb their sell orders
and bring them into sell positions, accumulating their stop losses above 87k
until they drive it down.
The next move after weakening the sellers is a quick breakout and reaching 92-93k. #BinanceSquare
The candle that has a red circle on it is not a bearish candle.
Rather, it is the sellers' power move to absorb their sell orders
and bring them into sell positions, accumulating their stop losses above 87k
until they drive it down.
The next move after weakening the sellers is a quick breakout and reaching 92-93k. #BinanceSquare
