Key points:
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As analysis warns that BTC price weakness accelerated after Wall Street opened, “carpet pulling” at $104,000.
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The Bitcoin Bull has tried its best to avoid panic reactions to downward volatility triggered.
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After reaching a new three-year low, the dollar’s strength made a comeback.
Bitcoin (BTC) On June 17, the analysis warned that the “big move” had not yet arrived.
BTC price mobile “brewing” – Trader
From Cointelegraph Markets Pro and TradingView BTC/USD hit an intraday low of $104,401 after Wall Street opened.
A rare 11-hour candle keeps the bulls firmly in a row and warns that the disadvantages are easy to snowball.
“This is the manipulation in the $BTC order book,” Trading Resource Materials Indicators Summarize On X, mention the liquidity transfer of price decline.
“If the price drops below $105,000, be prepared to pull the carpet at $104,000.”
Liquidity “deception” COINTELEGRAPH previously reportedThis is a common phenomenon in the cryptocurrency market when big merchandise wants to affect the price trajectory.
“If the Bull could push $108K to $108K, the door opened $110,000,” Material Indicator admit The day before.
Popular traders skewed quite optimistic when discussing overall market strength. He noted that despite the great geopolitical pressure, Bitcoin traders showed more restrictiveness than other recent market pullbacks.
He warned that volatility is still around the corner.
“So far, the pullbacks so far are around and around, the market has not panicked, despite the obvious hedging bias on the LTF, which was previously around 5%, but there are positive shortages, on-site sales and up and up, and in the case of selling momentum/volume, part of X Post read.
“So, this means that major moves have not yet happened and are being brewed.”
“Sales in Deep” US dollar teasing makes a comeback
There is far less panic about the Middle East conflict as the decline in gold and the power of the dollar show signs of bullish differences.
Related: Bitcoin price highest indicator, with a 10-year record of “neutral” of $112k
In the X analysis conducted, Kobeissi letter trading resources dismissed the idea that Israel-Iran tensions could be trapped in a global war.
“While the gold is solid, it continues to paint a consistent narrative: We are not on the verge of World War 3,” it Summarize one day.
“Although attacks are ongoing between Israel and Iran, oil prices are still up about 2%. Meanwhile, the 10-year yield is close to 4.50%. The market says this will not bring long-term headwinds.”
The dollar index (DXY) traditionally traded with Bitcoin, from Years low.
“Asset managers are short on the dollar. The last time they were positioned was this bearish, DXY had a significant rally,” said Guilherme Tavares, businessman and market strategist. Report.
“In addition, the index is approaching near key support levels, with RSI (14) being sold deeply, showing signs of bullish differences.”
This article does not contain investment advice or advice. Every investment and trading move involves risks and readers should conduct their own research when making decisions.
