#BTC
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At the 112,000$ area, we saw buyers build a strong buying wall and fought for it aggressively, and liquidity was absorbed.
With Jerome Powell's speech in Jackson Hole and his hints at a rate cut, the price surged strongly and was seen by many as a positive signal.
But those monitoring the CVD know that the rise wasn't entirely healthy, as 70% of it came from futures with limited buying from brown whales, while purple whales (the main market movers in the short term) took advantage of the rise to offload additional amounts.
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The plan:
• Accepting trading above 115,500$ = a launch towards 118,000$.
• Losing the 112,000$ level = a potential drop towards 110,000$.
