So guys, a buyer has found their way to the previously indicated area. Now there is local resistance at 85.400$ - 85.800$, if we consolidate above this area, we are headed towards the range of 92.000$ - 95.000$ for a repeated global test.
In the most pessimistic scenario, we are not marking the start of an upward impulse at the current area, but a correction, in which case we will simply drop lower.
Therefore, we need to see a buyer above 86.000$ for an optimistic picture. #BTC
So, are we going to push higher or not, what does everyone think?
Whoa... Bitcoin has technically partially begun to realize the first picture that was on the screenshot yesterday.
We still need to see if they can hold the level and stay above $85,000. Let me remind you that this is a key level, from where it will be decided where the price will go.
For now, I am inclined to consider only longs, but if this week the price closes below $85,000, then locally I will look for shorts.
I can tell you more in the review! Do you need it? I'll understand through your reactions #BTC $BTC #BSCTrendingCoins
As of today The zone $95,000 - $90,000 is quite important for the seller, as the number of bounces from this threshold is overwhelming, therefore, this is a working level.
Thus, we may get a repeated rejection from it, but it will be important not to collapse from it, as happened in early March when the price was driven down to 76k afterwards, it will be important to form supports higher upon rejection, which will indicate a weakening of the seller already based on the price, not on metrics...
This fact will confirm all bullish formations for altcoins. Conversely, some altcoins may still draw bullish divergences for some time.$BTC
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Let's go, as I promised earlier. Briefly, in a few sentences, thoughts aloud...
So, we know where there was a huge number of liquidations earlier, which means the market makers tested and realized that there is money there.
We also saw that there is a point of entry that has not been forgotten, which will close with a probability of over 90%, and a gap (price gap).
Now a question for you, my dear...
If you know that in the range of 86ā88 thousand dollars, the liquidations of short sellers were 35ā72 times more than those of long buyers, what does that mean?ššš„š§āšš
Strategy bought another 6911 BTC š„š„š„ What do you think?š In the next post, I will describe my thoughts on what is happening with Btc #strategyinvest #strategy #BTC #btc #BTCā $BTC