ANALYSIS #BTC FOR 13/10: IS THE MM ABOUT TO PUSH BTC UP TO 83,400 TO DUMP? THE TRAP BEFORE CPI!
BTC just swept the liquidity below 81,300 before bouncing back to 82,000. However, the H1–H3 charts are still making lower highs, RSI is below 40, and MACD is negative. The 82,800–83,400 FVG zone is acting as nearby resistance.
Based on the common liquidity-hunt pattern, price could be pushed up into the supply zone to sweep the Shorts’ Stop Losses and lure in chasing Longs, before turning back down to take the liquidity below 81,300–80,550.
BTC just swept the liquidity below 81,300 before bouncing back to 82,000. However, the H1–H3 charts are still making lower highs, RSI is below 40, and MACD is negative. The 82,800–83,400 FVG zone is acting as nearby resistance.
Based on the common liquidity-hunt pattern, price could be pushed up into the supply zone to sweep the Shorts’ Stop Losses and lure in chasing Longs, before turning back down to take the liquidity below 81,300–80,550.