$BTC - Trouble Zone
2024-12-07

The imbalance above has been filled, and sellers are emerging near $102k.

Technically, structure is still intact, however, $102k is now acting as the trouble zone and a pivotal level.

Flow changes are noticeable above this price, signaling shifts in the underlying market dynamics.

A significant pool of bid liquidity is concentrated near the cascade low.

We may retest $102k, however, if price fails to break above it, a rotation back to the low raiding the down-wick, targeting at least 50% to 80% of the wick.