Someone wanted the August low on $BTC and they got it.
The 01:00 UTC candle dumped to 62,006, just under the 62,275 low from Aug 1. Lowest price since July. Next hour ripped right back and it tagged 65,595 not long after, now sitting near 65k.
Pretty classic sweep, stops under an obvious low get taken and price snaps back. But a sweep only means something if it holds, and Sunday books are thin.
For me the bounce gets real back over 66,456, that was yesterday's floor before it gave way. Daily close under 62k and this wick was just a pause, then the July 1 low at 57,800 is the next reference.
The 01:00 UTC candle dumped to 62,006, just under the 62,275 low from Aug 1. Lowest price since July. Next hour ripped right back and it tagged 65,595 not long after, now sitting near 65k.
Pretty classic sweep, stops under an obvious low get taken and price snaps back. But a sweep only means something if it holds, and Sunday books are thin.
For me the bounce gets real back over 66,456, that was yesterday's floor before it gave way. Daily close under 62k and this wick was just a pause, then the July 1 low at 57,800 is the next reference.
