BTC view

Jun 10

BTC plunged with the U.S. government's announcement.
I would like to share my VIEW with the reason for the resistance.



There were 4 resistance in the same volume profile.
There was a moving that deceived everyone who expected to break through if they were resisted three times.



If you look at 1h, BTC gave you a short opportunity through the Gartely pattern.



If you look at it 15m, you can stop hunting and plunged. 1.13 is the famous stop hunting level.



Retail investors saw this pattern and expected it to rise, but it eventually fell.
MM went for it and absorbed expectations for upside and subsequent liquidity and fell.
(MM=Market Maker)



Now, BTC have been supported on this basis.



The HTF VIEW is looking at it like this. I'm expecting one impulse wave to come out while breaking the OB line.



The resistance section shown will be a good short section.
If it breaks upward over there and the 1h candle closes bulish, the downward view is disposal.



It is thought that this section has a similar fractal to the present.



Here's a similar example, which is ETH.



These are the support sections. If BTC fall, keep an eye on them.



If BTC break down this trend line, the downward trend is definitive.



However, in terms of HTF VIEW, the BOX horizontal is still the big BOX side-stepping market.
We need to be aware of this and buy and sell. We're still in a bull market.