"Hello traders, focusing on BTC on high time frames, the $102,000 level (referred to as the vector level) is crucial for price action. If the price convincingly breaches and closes below this level on the 4-hour or higher time frames, it suggests a potential move to the downside.
However, if the price merely sweeps liquidity and forms shadows on the high time frames without closing below the critical level, it indicates the potential for further upward momentum towards new higher highs."
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.