Following the recent crash, Bitcoin effectively swept all available liquidity around the $70K region, clearing out weak hands and stop orders. With that liquidity now taken, price action is beginning to stabilize, suggesting the market may be preparing for its next significant move. 
BTCUSDT.P reclaims structure and builds MOMENTUM, this phase could mark the transition from distribution into a new expansion or continuation leg, depending on volume and confirmation.
BTCUSDT.P reclaims structure and builds MOMENTUM, this phase could mark the transition from distribution into a new expansion or continuation leg, depending on volume and confirmation.
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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.