$BTC | Analysis | DYOR

Hi guys, let's briefly review what is going on with Bitcoin and what can be expected. The attached screenshot represents the daily Bitcoin chart. There are two areas (see screenshot) where a reversal reasonably can be expected. Both of them characterized by the Buy Side pressure and inefficiency of sell side. Market always delivers price to such areas to fill them up. In addition to that I marked where the nearest sell side liquidity in terms of buy stops is residing.

Paying your attention that for the last 4 month the price stays in the premium market area (above Fib 50%). Big players sell in premium and buy in discount (below Fib 50%) where retail crowd cowardly selling their hard earned assets. Price keeps printing lower lows and lower highs on the daily timeframe which is a strong sign of high selling pressure from market participants.

Do not be fooled by this pumps which happen almost every day, just see how fast price drops back and create a new lower low. All these moves designed to liquidate high leverage traders and wipe stops out of the marketplace.

I recommend to stick with timeframes NOT lower than 4H to enter relatively safe positions.

Stay safe and follow for more updates
Me on X - @whale_by_mind