#BTC
In the last cycle, the double top was at the level of 64000-69000. That is, the first top was set at 64000, then after correcting the entire uptrend of 4000-64000 to 30000, the ATN was again set at 69000
Therefore, in fact, we consider the block 64000-69000 to be the block of the previous high
And now, as we see, we have been dancing around it for a week now, now going above it for a short time, then going lower into accumulation before another breakthrough
That is, everything that is happening now at the moment is a cutting of the most powerful level, no more
Yes, at the moment it seems that the movements are very large, that this is the end, etc.
But open older TFs and take a closer look. Perhaps it would be better to close the five-minute period?
In fact, we are now moving in a wide range, as I have written more than once
The lower limit of the range is 59500-60500 +/-. The closer to it, the higher the danger of its breakdown, but at the same time, on these same older TFs there are high chances of working out the very structure of the range, that is, reverse movement
We also remember that very often there is a fake movement on Monday
Usually Monday showed a green stick, after which the decline continued
Today, for the first time in many Mondays, we see the opposite picture - a sharp decline 🤔
What news background accompanies this? Israel in Lebanon? Well, I don't think so, it's far-fetched for me
And alts, by the way, with such a strong decline in the cue ball no longer show the cowardice that they showed earlier
For cue ball locally - you need to keep the month closing above 60500. If you close the month below - hello 52000, unfortunately
Squeeze is allowed, we are talking about the closure itself
At the moment, we can state that it is the movement in the range, that’s why we work from it
And as long as the range is valid, as long as the priority will be to continue the upward movement, taking into account the accumulated
I am the liquidity layer of short positions
