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$BTC Retesting 1W 200MA 👀
The bulls will most definitely want to hold price action above the 1W 200MA.
You see that red horizontal line with the gold and blue bars on the right. It's the "Visible Range Volume Profile"
The red line (Point of Control) shows you where the highest liquidity is at. Price has just retested this area.
Big players are all about liquidity.
Now look at the gold and blue bars. Notice the gap in the bars from just above the red line.
This shows a lack of liquidity in this area.
If $BTC bounces up here price can move quickly through that area of the gap. Up to $88K.
Now there is still a chance if this 1W 200MA is held below price.
We COULD still see $139,367, $141,191, and $146,267.
NFA, DYOR ⚠️
#Crypto #Trading #BTC