BTCUSDT NEW UPDATE (4H)!
After the drop to the 100K zone and the cleansing of the liquidity fund, Bitcoin has strongly rebounded upwards, threatening highly leveraged short positions.
However, it is now approaching the supply zone that could potentially push the price back down to the 98K area.
If the market maker intends to lower the price and trigger a bearish scenario, this is the zone from which it could do so. We'll see what happens.
Closing the daily candle above the invalidation level (107,000) would invalidate this analysis.
We will see how Bitcoin reacts to the red box.
For risk management, do not forget about stop loss and capital management.
Once we reach the first target, save some profit and then move the stop to entry.
Trade at your own risk 👍
Best regards, Trade with cryptocurrencies
Stay tuned for further updates.
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