Waiting for the price to drop to the major support which is the orange horizontal line and which also contains a lots of stop losses from retail traders.
price will be pushed to take those stops out and breaks the support does a retest and then jumps to $22500 area.
retail will think that the break of the support and retest is a nice time to short the btc price because support became now restistance.
but the big fishes will eat them and pump the price.
The red line is what retail thinks is going to happen.
The green line is what the big fishes will do.
this is no trading advice just a simple analysis based on the SMC.
price will be pushed to take those stops out and breaks the support does a retest and then jumps to $22500 area.
retail will think that the break of the support and retest is a nice time to short the btc price because support became now restistance.
but the big fishes will eat them and pump the price.
The red line is what retail thinks is going to happen.
The green line is what the big fishes will do.
this is no trading advice just a simple analysis based on the SMC.