Bitcoin going up or down?

7 Jul 2022

Bitcoin is currently in a downtrend and consolidates between 23000 and 18000. Now for bitcoin to enter any big move ,It'll have to cover liquidity from both sides. Personally, I believe bitcoin might get into another leg down, So, Bitcoin might test the 23000 level and move down. I'll wait for a confirmation on the smaller timeframes if that is the case. Alternatively, It might test the lower Stoplosses first then move up. In both cases, I will wait for the liquidity swap on either side and then get into a short or long position after confirmation on smaller timeframes.