⚠️ Bitcoin Update: Has the market topped out at $73,880? 📉
After Bitcoin touched $73,880, we witnessed a rapid downward rebound. This move was not random but a precise targeting of liquidity at the peaks before starting the correction process to clean the market of high contracts.
🔍 What happened technically?
Liquidity hunting: The price hit the strong resistance area (Strong High) at 73,880$ and then quickly retreated, indicating strong sellers at these levels.
Price gaps: The current drop aims to fill the price gaps (FVG) left behind during the rapid rise, specifically towards the $70,000 areas.
📉 Current correction targets (buying zones):
Based on the updated filter maps, the eye is now on these levels:
70,400$ - $70,000: A very important technical and psychological support area.
$69,200: (The golden zone) where the largest amount of liquidity is stacked in bright yellow. Touching it could mean a real rebound.
🚀 Return to bullish targets:
To regain upward momentum, we need to close a 4-hour candle above $72,200. The targets will remain:
74,500$ (breakout of the previous peak).
76,000$ (extended target).#BTC
After Bitcoin touched $73,880, we witnessed a rapid downward rebound. This move was not random but a precise targeting of liquidity at the peaks before starting the correction process to clean the market of high contracts.
🔍 What happened technically?
Liquidity hunting: The price hit the strong resistance area (Strong High) at 73,880$ and then quickly retreated, indicating strong sellers at these levels.
Price gaps: The current drop aims to fill the price gaps (FVG) left behind during the rapid rise, specifically towards the $70,000 areas.
📉 Current correction targets (buying zones):
Based on the updated filter maps, the eye is now on these levels:
70,400$ - $70,000: A very important technical and psychological support area.
$69,200: (The golden zone) where the largest amount of liquidity is stacked in bright yellow. Touching it could mean a real rebound.
🚀 Return to bullish targets:
To regain upward momentum, we need to close a 4-hour candle above $72,200. The targets will remain:
74,500$ (breakout of the previous peak).
76,000$ (extended target).#BTC