As you can see BTC is trading around 78000$ after sweeping the liquidity around 81200$ market continues to fall . If market continue to fall then the highest possibility is before falling market should tap the over lapping defense of 4hr timeframe that i have marked on chart and after that market should take the downside liquidity. As of now the concerning part is rising DXY which leads us to a more of a sideways market . Thats why we need double confirmation before jumping . That's it from my side Happy Trading
Note
look how market reacts as planned thats the power of right analysis...if you are interested for this type of trading plan make sure to follow me and do leave a comment on how it was. I will update more about BTC in future dont worry . Thank you
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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.