BTC remains strong after the break out. Holding the EMA bands & 50EMA
Above the red line we are accumulating energy for an attempt to break.
We are at resistance level and it is ok to reject from it initially. We need to test if the demand is real at this point.
We formed an OB and where the POC is on the move. This area can be revisited at any point and I expect that to hold.
Daily bands are in line with the price action.
RSI : Looking ok nothing concerning ( Divergence on the lows marked with green line)
MACD: Utredning all in line
KEY LEVEL: 70449, AS long as we hold above, we are going to see another break out attempt. Valid or not.
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Charts: BTC 4H
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Chart: BTC 1D - UPTREND
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Data Analysis
OI → What we see here is OI dropping since many traders are taking profit at the resistance level. This is normal and expected , but the thing is : is there demand here to drive the price higher?
CVD spots and futures→We saw a clear spot lead move until the break out and since the attempt , spots are selling. Futs at first got liquidated since they were in the wrong side of the market and some of the longs are taking profit currently causing a sell pressure in the futs market.
Liquidations→Clear short squeeze in the aggregated indicator. 70.000$ and 72.200 on liquidity heat map the levels to watch for today.
Funding rate → above neutral and price started to reject the resistance. We should break out today if we want that in our side.
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Data Analysis: 15m BTC
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Liquidity Heat map
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Trades & Paths short term
I am trading with BOS system
Few paths on BTC (using 1h and 15m)
Orange path→Form a range and consolidate more
Black path→ shift and go towards the highs
Red path → Long sweep of liquidity and come back above MSB1 lvl - possible go higher from there.
Purple Path → Long sweep + continuation downwards to OB mentioned
$MOTHER - This new narrative from celebrity coins can easily give me the vibe from nft last cycle. I have a close eye on this coin and I will update soon my thesis.