BTC DISTRIBUTION
At the moment the nearest liquidations from above are in the range of 69900-70600. Probably BTC distribution may take a few days or even more. At the moment liquidity is accumulating both from above and below but there are much more bulls thus it gives us more confidence in a downward move and liquidation of bullish positions up to 50k.
A preliminary hike up with liquidity gathering and further downward movement also remains in force as an option. In case of a breakout an option of the asset distribution and a short fake fixation above ATH and setting of long positions is possible which will again be in favor of the bears.
A preliminary hike up with liquidity gathering and further downward movement also remains in force as an option. In case of a breakout an option of the asset distribution and a short fake fixation above ATH and setting of long positions is possible which will again be in favor of the bears.
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