ASSESSMENT #BTC DATED 09/10: REBOUND TO 82,650 – GOOD OPPORTUNITY OR A LONG TRAP?
BTC has just swept the liquidity zone 80,400–80,600 and is currently making a technical rebound. RSI M15 has recovered above 50, but H4 is still near oversold; MACD H4 is bearish and the H1 structure continues to form lower highs.
In particular, above the price there is a bearish FVG supply at 82,200–82,750, and further out is 83,350–83,600.
The likelihood is that price #BTC may be pushed up into the supply zone to lure buy-side liquidity, and then reverse to test the bottom.
BTC has just swept the liquidity zone 80,400–80,600 and is currently making a technical rebound. RSI M15 has recovered above 50, but H4 is still near oversold; MACD H4 is bearish and the H1 structure continues to form lower highs.
In particular, above the price there is a bearish FVG supply at 82,200–82,750, and further out is 83,350–83,600.
The likelihood is that price #BTC may be pushed up into the supply zone to lure buy-side liquidity, and then reverse to test the bottom.