Hello Crypto:
✅ Given the recent price compression over the past 10 days, the possibility of a sharp move in the price of Bitcoin is certain.
✅ Since the aforementioned compression is for the one-hour timeframe and the price is fluctuating below two hourly and daily resistances, and on the other hand, significant liquidity is concentrated at levels above 105,000, this pullback is expected to be upward.
In fact, in the short-term horizon and lower timeframes, we expect an upward movement; but...
🔴 However, given that Bitcoin's upward movement from the $74,000 low is a movement on a daily and weekly scale, we expect a strong downward movement to occur immediately after a rapid upward movement.
This is not financial advice and control of your capital is with you
