Bitcoin: Liquidity Grab Targets Range Top
Bitcoin executed a sellside liquidity grab on the 3-day chart, reversing sharply toward the range top with BTC at $84961.07 amid overbought RSI.
SourceAnalysis
Bitcoin executed a textbook sellside liquidity grab on the 3-day chart, sweeping stops before reversing toward the range top as BTC eyes $100k again.
With BTC price at $84961.07 testing upper Bollinger resistance at $83755.21 while RSI(14) hits 83.47 overbought and MACD confirms a golden cross, a healthy retracement to the EMA50 support at $79351.63 looks probable before further continuation.
Trader Tardigrade
@TATrader_AlanTechnical chartist and crypto content creator focused on Bitcoin and altcoin pattern analysis.
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