Bitcoin (BTC):Buy The Rumour, Sell The News / Sellers Dominating
Another week of volatility is here! Last week's candle (which is marked as a candle of inauguration) made a new ATH before all the liquidity hunting, and now eventually we see price is seeing some decent selling pressures.
Now our view on the bigger picture has not changed; we are still looking for some proper downfall to happen, which would shake out all the new traders and gamblers.
We like to call this scenario "Buy the rumour, Sell the news."
Now rumours are over so now the only thing left is action.
Swallow Team
Now our view on the bigger picture has not changed; we are still looking for some proper downfall to happen, which would shake out all the new traders and gamblers.
We like to call this scenario "Buy the rumour, Sell the news."
Now rumours are over so now the only thing left is action.
Swallow Team
Note
On smaller timeframes, we can see the true meaning of "Bloody Monday."
Sellers started to sell aggressively, liquidating a lot of buyers who were FOMO-ing near top.
Now this might be just the beginning, as we are looking for the 91K zone to be reached, which will be the next zone where major moves will happen.
So far everything seems decent so let's wait now to see if the Monday candle will close!
Note
Bitcoin made a quick liquidity grab thanks to the news surrounding the deepseek.
The move we had was aggressive, which led the price to the local support zone where buyers showed dominance and now we are reclaiming a few gaps on the upper zones.
Straigh to the point, we want to see more blood on the markets; we do not think this was. Yes, we had a good liquidation move, but for a healthy bull run that we are looking for, we need a further drop to take out more liquidity from markets. 91K would be a decent zone for this!
Note
Our view for Bitcoin has not changed a bit; we are looking for a full dominance from sellers near 100K, which would send the price to $92-93K.
Now before we see it, we might re-test the local resistance zone near $105-106K so this will also be one zone we are keeping our attentions at.
Other than that, as soon as we see pressure from sellers, we are going to go for a short position here!!
Note
Finally, price has reached the zone of 105K, which we have been waiting for in order to see the next kind of weakness to kick in on the markets.
Now we are looking for price to get rejected by that smaller resistance, which would then form a potential MSB on smaller timeframes and result in a movement to $92-93K.
If we do not get the rejection we are looking for, then we will just slowly go towards the ATHs for a quick re-test, so let's wait for more confirmations now!
Note
Bitcoin is moving exactly like we needed, where a smaller bull run resulted in a movement to 105K from where the price got rejected.
We are now heading towards our first sell entry zone, which we intend to be secured, which would give us a good opportunity for further movement to lower zones.
But be aware, we are entering the weekend market, so volatility is guaranteed as we are at important zones currently!
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🚨 Authentic Mentoring
⚡️ Short-Term + Mid-Term Trades
Join our amazing team and be part of something bigger.
FREE: t.me/+fiEDSn7M9pJkODA0
⚡️ Short-Term + Mid-Term Trades
Join our amazing team and be part of something bigger.
FREE: t.me/+fiEDSn7M9pJkODA0
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