4.16 Wall Street Morning Time Intraday Analysis (Applicable to the next 12 hours)

SMC Perspective

• Completed high-level inducement + distribution + breaking the structural low → currently entering the potential covering stage.

• The current price has just pulled up to test the supply near 83,800, but failed to stabilize, showing signs of stagflation.

• There is still an untouched liquidity demand area below, which is approximately in the 81,800 - 82,200 range.

$BTC

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