BTC has just swept the highs and is now moving back towards it's earlier low.
A lot of people will have stops placed under this low and there is plenty of liquidity between $42-43k.
If price closes below the 40 EMA it is quite likely it will move towards the green box and sweep the lows. A sweep of the lows is also equal to a 0.38 retracement.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.