Long

BTCUSD: Look for manipulation before a run

It seems that BTC has seen its highs for the time being. That said, institutional buyers will want to bring the price back up to the top zone in blue in order to mitigate their manipulation of levels around ATH, clearing the imbalance left by the drop from 66k to 60k. Look for institutions to come for the trendline and key-level liquidity in the lower blue zone before price is brought back up to the 64k-66k levels.

The 1H OB creates our entry zone (shown in green) and the two 1H OBs (shown in red) are our first and second targets. If the imbalance is indeed cleared and the extreme zone at around the 66k level is hit, we can begin to look for short entries targeting the unmitigated zones at 47k and below.

rad_cliff

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