Technical analysis by krisztiankabat about Symbol BTC on 10/25/2022

Hi everyone! I did the high time frame analysis on BTC (same as ETH). I think we have not seen the bottom yet. Why? It is widely accepted that previous ATH was the range high...but I'm not convinced. Look at the chart: 1) I have highlighted in red the backtest that triggered the selloff 2) I have highlighted in green the backtest that triggered the upmove Important level and BTC not even touched...a coincidence? Located just below the current range, with a large amount of potential liquidity. What do you think if we break below the current range? Everybody will open a short to 10k ("same as the previous 6k level"). Perfect setup for a bear market rally. Of course, it can go straight to 33-38k but I tend to be cautios in these type of market and look for max pain. Let's see!Decision time