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Key Levels
https://www.tradingview.com/x/HgPooSiY/
POC: $93,637
VWAP: $99,514
Value Area High: $101,524 - $103,455
Value Area Low: $95,570 - $97,500
Next Liquidity Zone Above: $100,400 - $101,120
Next Liquidity Zone Below: $95,499 - $95,770
The bottom shelf of the Liquidity Zone Bitcoin currently trades in terminates at $96,331. There is a void in liquidity slightly below that at $95,900. The first group of buyers have stepped in on Bitcoin between $97-$98K. 1 reply
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Strategy:
Significant liquidity was just tapped, as stops below $97,500 support just got taken out. There is potential to see a short-term bounce to $99,000; however, that’s a much higher risk. Catching falling knives is dangerous, particularly with Bitcoin. Big picture: a higher low above $94,000 is necessary for continued price appreciation throughout the next week in January. This is a bit early cycle-wise to expect a reversal in Bitcoin’s price; we currently estimate that early January should be bullish for Bitcoin - however, rules exist to be broken. Regardless, our first limit fill at $97,000 was just filled, and we have an additional order at $96,000. Our target for BTC in January is $105-108,000. 1 reply
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