Bitcoin has just visited a local decision (high volume) zone, where several key pivots have happened recently. I am keeping an eye on this to be a local bottom for BTC, before making a move to clear the higher side liquidity around 32-33k (see this post for details on that).
There really isn’t much additional context to this as this is an area of high interest and if we are to see a short-term reversal, this is where I’d expect it to be. It’s possible that we revisit the lower support band shown on the chart again. My invalidation area would be a strong candle close under 28-28.2k.
Bitcoin has just visited a local decision (high volume) zone, where several key pivots have happened recently. I am keeping an eye on this to be a local bottom for BTC, before making a move to clear the higher side liquidity around 32-33k (see this post for details on that).
There really isn’t much additional context to this as this is an area of high interest and if we are to see a short-term reversal, this is where I’d expect it to be. It’s possible that we revisit the lower support band shown on the chart again. My invalidation area would be a strong candle close under 28-28.2k.