$BTC - Every shallow bounce is purely manipulation
2025-01-11
Category: None

After hours of aggressive selling, it seems like every shallow bounce is just manipulated (bounce then fade!), yet the price is still holding up 92k.

If we can manage to keep this level, there's a good chance we might retest the supply zone 97.3k-98.7k to form a lower high.

Any rejection at the supply zone, I think sweeping those local lows of 88k-86k is imminent. I wouldn't expect us to drop below 85k just yet (we'll save that for later), so let's see how 88k-86k reacts.