Unfortunately, we rejected the FOMC wick on the retest.
Back to the range it is 😂
It’s pretty obvious what they’re trying to do here, bait shorts, build liquidity and hunt internal range longs.
All this PA does is frustrate $BTC longs before the next 10% move. After this many hunts, not many people will have the conviction to hold their positions. Patience is everything unfortunately.
$BTC
We’re back to testing the FOMC wick high, a critical LTF area.
Bulls ideally need to flip this high with force to trigger a nice squeeze into the 83Ks. If they can’t reclaim this high, we could easily flop back down to the 79–80Ks.
Flip the 83–84K area, and 90K is next.