š Daily Bitcoin Analysis š
- Our liquidity levels on BTC continue to play out perfectly. We tagged the 104k level as mentioned yesterday before whipsawing back to the upside at taking the liquidity at 108k before retracing again.
- As you can see, BTC just plays a big game of liq grabs. If you're prepared, you can easily trade the range.
- Right now there's more liquidity forming at 105.6k which seems like the likely next target before more chop.
- The biggest thing I don't like is the bearish divergence forming on the daily RSI and StochRSI. That could give us a much bigger pullback than we want. I would have your bids at major support levels just in case.
- I'm still looking for another daily close higher for confirmation of a bullish breakout continuation.
- Major resistance is now 106.8k, 110k, and the 112k trendline.
- Major support is now 102.7k, 100k, 95k, 88-90k, 86k, 83k, 81k, 77-78k, and 72-74k.
