$BTC Bitcoin has already reached around 98,000 as expected. There is a high probability of inserting a needle around 99,000 🪡 to harvest liquidity. Currently, it looks like there is ample liquidity around 98,500. These past two days, a small retracement has been gathering strength, preparing for a direct move to insert. The liquidity for a downward turn is quite sufficient. With liquidity ranging from 90,000 to 95,000 billion USD, not taking advantage of the market to push up would be a disservice to the market makers. Right now, it is just a rebound within a downtrend. Only a true breakthrough above 101,300 and a stable hold there will signal a reversal.
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$BTC Bitcoin has already reached around 98,000 as expected. There is a high probability of inserting a needle around 99,000 🪡 to harvest liquidity. Currently, it looks like there is ample liquidity around 98,500. These past two days, a small retracement has been gathering strength, preparing for a direct move to insert. The liquidity for a downward turn is quite sufficient. With liquidity ranging from 90,000 to 95,000 billion USD, not taking advantage of the market to push up would be a disservice to the market makers. Right now, it is just a rebound within a downtrend. Only a true breakthrough above 101,300 and a stable hold there will signal a reversal.