#BTC #Market update
#BTC has managed to cross above 61,900 level which resulted in SL hit with the Short setups.
But it's important to notice that the market is in a crucial situation now as hitting lower levels is still a possibility!
BTC is close to the critical zone of 64,000 and a strong push through this area followed by a couple of daily closes above it shall lead BTC to higher levels namely 72,000 zone and hitting levels below the recent low of 53,500 becomes a weak possibility.
looking at liquidity heatmap chart, it's also obvious that there is a significant amount of liquidity located in 64,000 - 65,000 zone!
if market makers want to dump the market again, it's a good possibility that they'll push BTC towards the mentioned zone in order to gather enough liquidity (fuel) for the ride!
#BTC has managed to cross above 61,900 level which resulted in SL hit with the Short setups.
But it's important to notice that the market is in a crucial situation now as hitting lower levels is still a possibility!
BTC is close to the critical zone of 64,000 and a strong push through this area followed by a couple of daily closes above it shall lead BTC to higher levels namely 72,000 zone and hitting levels below the recent low of 53,500 becomes a weak possibility.
looking at liquidity heatmap chart, it's also obvious that there is a significant amount of liquidity located in 64,000 - 65,000 zone!
if market makers want to dump the market again, it's a good possibility that they'll push BTC towards the mentioned zone in order to gather enough liquidity (fuel) for the ride!
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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.