HTF resistance Absorption area Above $49600 would be my POI area looking for short. #short BTC #BTC analysis #Orderflow #Chart reading
BTC is testing this zone {11225, 11500}. Now the MA200 provides additional support for the price action. Breakdown is going to happen in a few days. I'd like to short after it pulls back to test the resistance around 11225 level. All I need to do is to wait the chance.
This will continue 1 or 2 weeks.