Bitcoin – Trend Shift Confirmed, Eyes on $102.8K Liquidity for TRADENATION:BTCUSD by TehThomas
Market Context Bitcoin showed signs of exhaustion after a strong short-term rally within a clean upward channel on the 1H chart. Price action had been respecting the trend structure until a key deviation occurred near $108,500, where we saw an internal liquidity sweep that hinted at potential distribution. Fake-Out Confirmation and Shift in Momentum After taking out local highs around $108.5K, price failed to continue higher and instead reversed sharply, confirming the sweep as a classic … | Source: TradingView
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