BTC hourly 3 Dec Sat
3 Dec Sat
After illiquid move up on Wed 30 Nov price stayed in high regions. Yesterday we have seen bounce of first cluster at 16800 back up to 17160.
Right now we can see HTF bullish O/U forming for the past 35 hours.
Problem with this OU is that it's second atm gets lower and takes liquidity form demand cluster below. It isn't safest play also since high concentration of volume and supply pressure can send the price back down.
Safe entry for long would be at 16580 where price might fall, but playing short there can be tricky as this is we are still in the HTF bullish O/U and potential place for the bounce up.
Most likely scenarios marked with yellow arrows.
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