Bitcoin dropped into 108,700, tapping a discount zone where demand sits and liquidity below recent lows was collected. After this sweep, price showed signs of bullish order flow returning.
If this momentum continues, the next draw on liquidity is higher towards 115,000, where imbalance and supply rest. As long as the price holds above 108,700, the expectation is for bullish delivery into 115,000.
If this momentum continues, the next draw on liquidity is higher towards 115,000, where imbalance and supply rest. As long as the price holds above 108,700, the expectation is for bullish delivery into 115,000.
Trade active
Note
Bitcoin price moved from the entry point to $112300.
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My telegram channel where I post insights and updates focused on Gold and Bitcoin 📈
t.me/+J03M7gO9EHA3MjM0
If you want to reach direct to me here's my telegram contact
t.me/smc_expert10 or @smc_expert10
t.me/+J03M7gO9EHA3MjM0
If you want to reach direct to me here's my telegram contact
t.me/smc_expert10 or @smc_expert10
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.