CRYPTOMEHMET34

Good morning everyone. In my post before the chaotic process that occurred yesterday at #btc, the fact that the order block in the alt region was tested 5 times on the 4-hour chart and returned in the last move without taking the available liquidity clearly showed that this area was now seriously weakened and the risk had increased. After this point, it was already clear that it was inevitable for the price to take this region on the return. What I really wanted to draw attention to and the main reason why I reacted was that he did not test the upper liquidity zone first, contrary to the natural flow of the market. The structure that would emerge after this upward movement would be decisive in determining direction in the short term. However, the market has acted like a novice who does not know what it wants to do for the last two days, further deepening the chaos, especially on the altcoin side. Looking at the price structure formed this morning, it can be seen that the order block located in the green area on the alt side has become too weak to play a carrier role anymore. If the price touches this area again, it is quite possible that the area will be lost and the downward movement will harden. In this scenario, it will not be a surprise if the decline deepens to the 79,560 – 76,200 band.

When we look at the latest graphic structure in Bitcoin, we see that there are two intense liquidity areas in both the alt and upper regions. It is observed that the price is literally stuck between these two regions. On the upper side, the 94,000 level is a strong resistance. In case of persistence above the upper red liquidity area, the 98.115 level stands out as the target for the price. However, the fact that the liquidity shown in yellow in the alt region has not yet been cleared raises a serious question mark for me. Alt If the green area is lost, there is a risk that the price will retreat to 79.113 levels. Since taking aggressive transactions between these two liquidity areas carries high risks, it would be a healthier approach to follow it patiently within the current structure.