Bitcoin is trading back to the 23.1 control point. Structurally speaking, while it keeps trading above it, I see it as good. But when I run through some other factors like orderbook liquidity and futures, there is some ongoing sell pressure, especially on Binance.
Now, this sell pressure is in my opinion, just short term. Overall, I see that the Daily and Weekly trends remain intact. But we can certainly do a bit more consolidation or capture liquidity around 21 lows for a few more days.
I review the usual data points in the video for a well-rounded 360 view of Bitcoin price.
Make just to hit the boost! 🚀 🫡
Now, this sell pressure is in my opinion, just short term. Overall, I see that the Daily and Weekly trends remain intact. But we can certainly do a bit more consolidation or capture liquidity around 21 lows for a few more days.
I review the usual data points in the video for a well-rounded 360 view of Bitcoin price.
Make just to hit the boost! 🚀 🫡
D7R
