Hello there, This is BTC analysis by Wyckoff method After testing the trade range in LTF, BTC maybe in a distributed structure. It could test demand zone around 52k.
This will be confirmed when we have SOW. Here, there is a selling opportunity with the Quasimodo structure. A short-term trade with low risk.
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------------------------------------------ Attention: React to price action based on specific trading plans, rather than predictions. This is my personal idea and analysis, please just see it as an example for reference. You also need your own judgment, analysis as well as a trading plan to manage risks when trading Forex.
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Price didn't reached to QML There's possibility that the orders might have been consumed when price comeback 1st time