MI_Algos: Bitcoin Order Flow Traps Baited
Material Indicators highlighted order book traps forming in Bitcoin with price at $81542.41 showing bearish EMA structure and MACD death cross on the 4h chart.
SourceAnalysis
Material Indicators flagged another order flow trap being set in Bitcoin after Keith Alan called one of the nastiest setups on record. Price trades at $81542.41 inside the Bollinger Bands with upper resistance at $84575.35 and lower support at $80475.04. The 50-EMA at $82333.43 and 200-EMA at $82088.59 both sit above spot, confirming the bearish trend structure while RSI at 42.82 stays neutral and MACD prints a death cross at -207.66. With price testing lower Bollinger support while the death cross locks in downside momentum, a push toward the 50-EMA resistance at $82333 looks probable before any sustained move lower.
Material Indicators
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