Bitcoin (BTC): Possible Liquidity Hunting, Fasten Your Seatbelts

9 Jan

With the current dominance that sellers are showing, the situation on Bitcoin is not looking good at all.

Now for us, as we love to short everything, this has been playing out very well, where price has dropped 10% since the rejection from the major resistance zone.

Now we expect to see further pressure from sellers breaking local support zone, which would then lead the price to stay below the $91K area, where during the weekends we might see some re-tests to happen or sideways movements.

Overall, looking for a bigger dominance from sellers soon and a bigger liquidity hunt to happen!

Swallow Team

9 Jan

Nota

Would be ideal zone to bounce from but dominance from sellers seems too big for now!