Since Wednesday, BTC has been correcting.
Apart from the news concerning Binance, SMC has come to liquidate numerous buyers once again below 2 main ranges.
We also recovered a large pocket of liquidity at the $63,000 level. I thought we'd go a little lower to recover the Order Block H1 at $6,500, located in the OTE zone.
In the end, we went back up.
Is this a trap? Is BTC going to move lower in search of liquidity before starting its real ascent?
Don't hesitate to tell me what you think in the comments, as I'm remaining rather cautious for the time being, until a real trend emerges.
Good trading and happy weekend :)
Apart from the news concerning Binance, SMC has come to liquidate numerous buyers once again below 2 main ranges.
We also recovered a large pocket of liquidity at the $63,000 level. I thought we'd go a little lower to recover the Order Block H1 at $6,500, located in the OTE zone.
In the end, we went back up.
Is this a trap? Is BTC going to move lower in search of liquidity before starting its real ascent?
Don't hesitate to tell me what you think in the comments, as I'm remaining rather cautious for the time being, until a real trend emerges.
Good trading and happy weekend :)