The move down from 49k was from a major fib level but was just before a pool of liquidity.
My thoughts are that the move down from 49k was just to accumulate more stop losses at 50-52 that could then be used and buyside liquidity for the people who want to sell into that buying interest at a higher price.
My thoughts are that the move down from 49k was just to accumulate more stop losses at 50-52 that could then be used and buyside liquidity for the people who want to sell into that buying interest at a higher price.