BTCUSDT (BITCOIN) Daily: 15/01/2023: Is it correction time?

15 Jan 2023

As you know, the crypto market had a sharp rise last week and showed a bearish reaction after touching the supply zone.

Now we can expect a bearish market till the time frame demand zone, but there is a huge liquidity pool above 21480 which may the price test this zone before fall. (I follow this scenario)

By studying the weekly chart, we can figure out that liquidity above 22800 can be interesting for market makers. ( because of that sharp rise, it is my second scenario.)


💡Wait for the update!
🗓️15/01/2023
🔎 DYOR

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18 Jan 2023

Catatan

Well, as you can see price collected liquidity above 21480.

Now I still believe that the price will touch the resistance and then fall.

TA is still valid.