🟠 
BTC
📄 This analysis is for liquidity and comparing supply and demand ratios
🚨 We start by noting that actual selling pressure began at 121826 and this ratio increased as it dropped below 119723
📄 Any daily close below 117612 will increase this pressure, which is logical after such a rise, specifically in Bitcoin
⭕️ The two closest important levels with liquidity and buying strength are at 114813 and 110623
◀️ The current rebound from 116114 (the lowest point Bitcoin has reached currently at the time of writing this analysis) is insufficient in terms of liquidity and needs more momentum, and attention here should be on the level 117612
📄 The current movement is between 117612 - 114813, the range where Bitcoin stabilized before achieving the historical peak, and thus maintaining this range will provide a boost for a larger rise
BTC 📄 This analysis is for liquidity and comparing supply and demand ratios
🚨 We start by noting that actual selling pressure began at 121826 and this ratio increased as it dropped below 119723
📄 Any daily close below 117612 will increase this pressure, which is logical after such a rise, specifically in Bitcoin
⭕️ The two closest important levels with liquidity and buying strength are at 114813 and 110623
◀️ The current rebound from 116114 (the lowest point Bitcoin has reached currently at the time of writing this analysis) is insufficient in terms of liquidity and needs more momentum, and attention here should be on the level 117612
📄 The current movement is between 117612 - 114813, the range where Bitcoin stabilized before achieving the historical peak, and thus maintaining this range will provide a boost for a larger rise
mehmetwehbe
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
mehmetwehbe
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.