BTC: Trader Targets $61.6k Liquidity Sweep
BTC eyes $61.6k downside liquidity grab this week with price at $63000 inside Bollinger bands and bearish EMA structure.
SourceAnalysis
BTC could sweep downside liquidity below the local double bottom near $61.6k early this week to clear stops $500 under the $62.1k low.
Price at $63000 trades inside the Bollinger band with upper resistance at $63664.68 while EMA50 at $63620.11 and EMA200 at $63679.34 cap upside in the bearish trend; RSI at 38.3 stays neutral and MACD golden cross at -216.77 hints at momentum shift, pointing to a probable test of lower band support at $62683.8 before any continuation in this BTC price prediction setup.
CrypNuevo
@CrypNuevoAn unbiased technical analyst specializing in liquidity dynamics and market psychology, transcending bull-bear narratives.