Bitcoin Analysis

28 sie

A brief analysis of Bitcoin: After a prolonged accumulation phase that lasted from the beginning of August until now, the phase of manipulation has begun as we near the end of the month. While most traders opened long positions expecting a breakout above the resistance level, the price reversed to collect stop-losses from retail traders. On the weekly timeframe, the high from the week before last has been taken out, and now we are looking to break the previous low. If the price reaches the order block without first taking out the liquidity from the previous day's high, this order block will be valid for a long-term long position. Follow, leave a comment, and share your thoughts on this idea!