Analysis of BTC and the market
Abu Al-Shalan analysts feel safe.. and the Longs await liquidation away from the green, red, and yellow candles
Abu Al-Shalan analysts are issuing fatwas today. Bitcoin remains above $67,000. Asian liquidity is positive. The indicators are "beautiful". And this is exactly the danger.
What Abu Al-Shalan analysts and recommendation traders see is:
· Strong price.
· Buying opportunity.
· Confirmed bottom.
What we see (after dissecting LRI 119.9):
· 80,000 Long contracts stacked: this is not resilience, this is a trap.
· Danger zone: $68,500+ – any price above it is a liquidity distribution area.
· Hunting zone: 66,500$ – 67,000$ – this is where we will catch the shake.
Scenario:
Market makers will create a sharp bearish candle to liquidate the Longs. This will bring the cheap liquidity they need to start the real upward wave.
Alternative tactics:
Do not buy alternatives now. Place orders under the price by 5-8%. You are catching the tails, do not buy the peaks.
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