Unfortunately, we rejected the FOMC wick on the retest.
Back to the range it is ๐
Itโs pretty obvious what theyโre 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
Weโre 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 canโt reclaim this high, we could easily flop back down to the 79โ80Ks.
Flip the 83โ84K area, and 90K is next.