BTC market update#
1. Previous Analysis Validation
Our previous week's analysis played out
perfectly, aligning well with the market
movement.
2. Current Market Sentiment
The market remains bearish overal.
However, we are seeing a short-term price
pump, likely due to late short positions entering
the market. This is resulting in a price move to
trigger short liquidations. The recent 4H swing
highs are acting as key stop-loss zones.
3. Imbalance & Rebalancing
The price is moving upward toward a daily
imbalance area (highlighted in orange). We
expect the market to rebalance in this zone,
potentially leading to a price rejection and
continuation of the downward trend.
4. Liquidity Zone
Our primary liquidity zone lies between
$100K and $98K. We anticipate this area to be
a key region for price reaction.
