💥⚜️💫 BTCUSDT TA

BTC Poised for another leg up

There are still more confirming factors indicating we see a retest of 70k+.

Momentum
Open Interest Increasing
Late short / Liquidation above
Negative funding rate
6b long liquidation delta
Increased volume

This back end data, in addition to LTF confirming factors, suggests we see upper liquidation at 70k hit first. Before any big moves to the downside.

Just bear in mind, this may not happen immediately. As Bitcoin is currently testing a key level resistance range at 69k.

As highlighted earlier in the week, there is confluence at 69k with SMA's, previous lows and the descending channel.

Price typically rejects in these ranges initially, which we already saw last night.

Buckle up folks.

✅️ FOLLOW FOR MORE ✅️
$BTC ‌$SOL ‌$SIREN ‌