#BTC & #Market update
BTC reached the liquidity zone of 64,000 - 65,000 and had an initial intense reaction to this zone (shown on the chart using the small box) but had a quick recovery afterwards. However, July 16th and 17th daily closes were inside the liquidity zone meaning that BTC is still struggling with the mentioned zone.
if BTC is to cross above this zone, it probably needs some correction before doing so. But if the possible correction drops below 58,000 - 59,000 zone, things will get more complicated!
BTC reached the liquidity zone of 64,000 - 65,000 and had an initial intense reaction to this zone (shown on the chart using the small box) but had a quick recovery afterwards. However, July 16th and 17th daily closes were inside the liquidity zone meaning that BTC is still struggling with the mentioned zone.
if BTC is to cross above this zone, it probably needs some correction before doing so. But if the possible correction drops below 58,000 - 59,000 zone, things will get more complicated!
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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.
Disclaimer
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.