Bitcoin: Liquidity Sweep Signals Long Interest
Michaël van de Poppe highlights Bitcoin taking out liquidity below the lows in tandem with KOSPI declines, marking areas of potential long interest at current levels.
SourceAnalysis
Bitcoin is sweeping liquidity beneath recent lows while tracking lower alongside the $KOSPI index, according to Michaël van de Poppe.
Price sits at $81191.37 on the 4h chart inside a bearish structure defined by the EMA50 at $83186.96 and EMA200 at $82282.22. With the MACD printing a death cross at -375.13 and price testing the lower Bollinger Band support near $81264.66, the move reflects short-term volatility exhaustion rather than capitulation; the neutral RSI at 34.79 leaves room for a relief bounce toward the upper band at $84706.2 before any sustained recovery attempt.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast