The market initially moved upward to perform a liquidity sweep, taking out the buy-side liquidity above the previous highs. After collecting liquidity, price failed to hold the support level, which indicated the beginning of a bearish market structure.
Price then retraced into a premium selling zone, where sellers stepped back into the market. After the range breakout with EMA confirmation, the first selling opportunity appeared, leading to a strong downside move.
As the market continued to move lower, it broke another key structure level, creating a second selling opportunity after the range breakout.
Finally, price reached an imbalance area and major structure break zone, where the third selling setup formed. From this level, the market continued its bearish momentum and targeted the internal liquidity and final target price.
This entire move demonstrates a classic Smart Money sequence: Liquidity Sweep โ Structure Break โ Pullback โ Bearish Continuation, resulting in a strong downside move.
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