Bitcoin hitting $95K before it pulls back? 🚀💥 Let's dive in!
Man, Bitcoin's been on a wild ride lately – sharp drop, then a killer rebound, putting us right at this crucial spot. I'm breaking it down here: the flip on that 4H bearish FVG, the new support zone from the inversion, that big resistance wall around 95 grand, and yeah, that sneaky liquidity sweep we just saw.
First off, the 4H Bearish FVG Flip:
Couple days back, BTC tanked hard, wiping out a chunk of the prior gains and scooping up liquidity way below those local lows. That created a solid 4H bearish FVG acting like a supply zone. But yesterday? Boom – price smashed right through it, closed candles above, and now it's flipped into demand. That old bearish zone's now our key support (check the green box on the chart). Fingers crossed it holds if we dip!
Next Up: That 4H Bearish FVG at ~$95K
Sitting above us is this beast of a resistance around 95K, lining up with old consolidation and distribution areas. It's like a magnet pulling price higher in this recovery. As long as our lower inversion support doesn't crack, I see BTC grinding up there. Expect some fireworks when it hits – could be a quick rejection and chop, or if sellers pile in, a bigger reversal.
The Liquidity Sweep Drama:
Just recently, BTC poked above a local high real quick, then yanked back – classic sweep! It flushed out late shorts and those breakout longs chasing the top. No instant upside follow-through yet, though. Now it's like, can buyers step up for the next leg to that higher FVG? Or do we drop back to test the inversion and grab more liquidity first? Watching this level closely for clues on what's next short-term.
Wrapping It Up:
With that sweep today, yeah, we could see a quick pullback from here if folks cash in after the bounce. But my main take? BTC might still squeeze one more push to that 95K FVG before the real correction hits. It'd make sense – test resistance, then retest the new support to see if this flip's got legs. What do you guys think? Bullish or bracing for a dip?
Appreciate you reading this! If it sparked some ideas, smash that like 👍, drop your thoughts in the comments 💬 – love hearing from you all. And hit follow so you catch my next breakdown. Let's make this go viral, share if you're in! $BTC #Bitcoin #Crypto
