๐๐ค๐ธBitcoin 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 overall. 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.
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