Bitcoin: CrypNuevo Flags Dual Liquidity Zones
CrypNuevo posted on X that Bitcoin liquidity areas shown in Sunday charts should both be tested, with traders advised to wait for a reaction at the first zone before positioning for the second move.
SourceAnalysis
CrypNuevo posted a Sunday update on X outlining two liquidity boxes on the BTC chart, stating it would surprise him if price fails to reach both zones.
The trader’s plan centers on fading the initial reaction at one box and then riding the follow-through move into the second.
At $83943.79, BTC sits inside its Bollinger Bands with the upper band at $84113.29 acting as immediate resistance while the lower band at $81380.15 marks short-term support; the 50-EMA at $83589.77 and 200-EMA at $82258.92 remain stacked bullishly beneath price, and the MACD golden cross continues to support the broader uptrend even as RSI at 58.38 shows room before overbought conditions.
CrypNuevo
@CrypNuevoAn unbiased technical analyst specializing in liquidity dynamics and market psychology, transcending bull-bear narratives.