#BTC# Very Quick Update



This morning the algos placed a cluster of long orders between 109485 and 109685. Usually this pushes the price up. We can expect a weekend pump.

However this is not an indicator to trade with. In some cases, these orders are only spoof (fake) orders. But it generally works in low volume conditions such as the weekends.

BTC is still in a LTF uptrend unless invalidated with a low below 109,270.

The first level to watch is 111,350 - the EQ of the 98k-124.5k range.

Next level is the VWAP anchored to the ATH at 113k.

If BTC re-claims 113k, the short squeeze will start and take the price to 117k. Breaking above 118k will take BTC to new highs.

If BTC drops, it may sweep the lows at 107k, however, as long as it recovers back above 107k, it will start moving up. If 107k is lost, we may start talking about more bearish scenarios however I am not expecting that to happen.
BTC0.54%
PUMP-3.9%
NOT1.76%
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Sfmovip
ยท 09-07 06:33
HODL Tight ๐Ÿ’ช
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