BTCUSD short - Supply Demand, Correction

Welcome to a new Update

Monthly:
Super bullish environment. However a correction till the 0.618 would be very possible. That would be perfect in alignment with the Support Resistance Structure

Weekly:
Is currently in a bullish environment and is doing some correction

Daily:
Is giving us a very nice bearish Continuation Pattern. Still it could go up higher before dropping, but it looks like the price will continue to drop down

Liquidity
We can see that most of the Retail Traders have been long during this strong up move and also institutions. Right now we got the chance of a bigger Correction before the bullish continuation. That means that exactly at the trend line we have the most SL from Retail Trader. This Demand Zone is exactly there. I will have a look for a nice buying opportunity at the Demand Zone.

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