Bitcoin View: Reference 4H
Last week, I kept mentioning to my brothers that the best shorting area was in the 906-917 range, and the last defense area for bulls was around 860. Once it breaks below that, there is a high probability of a second exploration of the 80K bottom,
So on Friday, after reaching the price of 911, it started to drop all the way down, and today it took out the liquidity on the left-hand side, touching around 860.
Currently, although it has taken out the liquidity on the left-hand side, the rebound strength looks very weak at the moment. So keep an eye on the upper 89K-90K POC position. Once again, if there is a shorting signal of a false breakout, it can also be shorted again looking towards around 860. If it breaks down, just continue holding $BTC
