Greetings to all $BTC
Guys, pay attention. This is advice based on the information shown on the chart.
I really don't know how to explain it to you, but understand the positivity first.
It only starts to open a candle of the highest resistance and the $70386 area. Here it is proven that if the rise reaches this area and opens a candle of the highest, it is a real rise on the chart based on the amount of liquidity and continuous buying and trading on the platforms.
*** Just for information for those who are interested - in financial markets in general, it always happens that after the movement passes through a wave of ascent or descent, its movement changes forcibly without any intervention, and this movement is called (liquidity accumulation areas that have not been broken or some of the blocks have not been divided in their correct places). The approximate meaning for you is when a huge or very high amount of buying or selling occurs, and a sharp decline or rise in some areas, its blocks are not emptied or divided in their correct areas. Rather, most of the buying and selling orders in these areas were not activated due to the speed of the movement, and many platforms’ engines and software cannot execute some of these orders. It is true that you, as a trader, cancel them later, but they are recorded and appear in the liquidity movement reports when analyzing them, and they were not executed in the first place and their liquidity was withdrawn from the movement.
This is the main reason behind two things:
* The occurrence of a financial or economic crisis or disaster for the existing project.
* Due to manipulation of the injection of liquidity at certain times by governments, investors who have an interest in achieving economic, social and sometimes political goals, and I do not have enough time to explain them.
These two reasons occur at times when many analysts do not follow their sources, thinking that there is a buying or selling momentum and following the movement, and many times they coincide with the course of political, economic and social events at the time of their occurrence.
Bitcoin chart movement needs a final confirmed visit to the consolidation zone at $49,635 resistance to achieve a new high before breaking the last high
In fact, I do not know the unseen, nor do I predict or anticipate a view, movement, or societal momentum prevalent among traders and those interested in the movement of financial markets. I extracted this story from platform news, never. Whoever wants to confirm with analysts specializing in technical analysis should review the areas ($67k-$71k) historically from the 2021 summit.
May you all be well
