Although price has already pushed lower quite a bit, most of the liquidity still remains below.
Price is currently trading in a clear downtrend with lower highs and lower lows, which is why I'm expecting price to clear out the remaining liquidity below before we see another bounce.
As long as BTC remains in a downtrend, I'll continue looking for short opportunities. Only once structure flips bullish again will I start looking for potential longs.
We're trading around $64,500, with price continuing to be pushed higher ahead of the Fed rate decision
As I noted yesterday, they're likely to keep pushing the price up until the meeting itself, and only after it's over should we see a reversal and a continuation of the correction. Because this move once again goes against the expectations of the majorityand that's exactly how the market usually works
I think they could pump the price up to around ~$65,000, where there's an unfilled daily imbalance that is currently acting as a price magnet. #BTC
The coin has broken below the $6.630 POC volume level and is falling toward the $6.220 VAL volume level. If the coin holds the lower level, a new attempt to move back above the POC volume level will begin.#BitcoinRecoversFromAsianSessionLows #OilExtendsDecline
🕯 Chart analysis: The price of $AAVE formed an imbalance zone during its uptrend. If the price holds this zone during a correction, the uptrend will continue.
📍 Entry: A long position can be opened in the imbalance zone between $93.80 and $95.15.
✔️ Main Target: Liquidity is at the previous high of $102.00. #AAVEUSDT
The coin has broken below the POC volume level of $1,875 and may now continue to decline toward the VAL volume level of $1,830. If the coin holds the VAL volume level, a new upward move will begin. #ETH
1. The situation in Iran continues to escalate; even the Red Sea is now under fire. Oil is at $100.
2. The dollar continues to strengthen, while U.S. funds have been declining for about a month. Investors are on edge.
And yet, despite all this, Bitcoin isn’t crashing. Coinbase Premium is in negative territory—yes, institutional investors continue to sell off, but the pace of sales is slowing, which is a good sign.
The market isn’t heavily leveraged on the long side, and funding isn’t excessively skewed, though it’s still above zero.