Just been looking at the BTC chart and spotted some interesting patterns here. There's this dead zone between 87.3K and 93K where volume just dried up completely. Basically when price bounced from 83K to 94K there weren't many sellers taking profits or losses, so the volume was pretty thin. This matters because when traders sell at a level and then see price climb higher, they often feel like they missed out. When price eventually pulls back to where they sold, their brain tells them it's just a dip to buy the dip and ride the rally again. That's why old highs often become support zones later on.



Now here's the thing - if there weren't many sellers on the way up, there probably aren't many buyers waiting if it drops either. So if we break below 92K we could see a sharp move down toward 87K or even 89K pretty quickly. The shorter timeframes are already looking bearish so this dump scenario feels realistic.

There's also this horizontal resistance zone in the reddish area on my chart. Most people think resistance is just where price peaked, but that's not how it works. Real resistance is where sellers outnumber buyers, where the selling pressure suddenly spiked. That's what this zone represents.

One more thing - BTC just swept liquidity on the LQY line and now it's dropping. That's a red flag for the current upleg. Was this whole bounce just a trap to liquidate longs? We'll find out when price action tells us. If BTC closes multiple daily candles below 87K then yeah, it was a setup.

Looking at the bigger picture, this weekend could get messy. I'm watching for a pullback to 89K area. If BTC shows strength there maybe we get another push up and 105K means we're in a strong bull structure. But if it rolls over, then 87K and 85K are the next zones in play. Will update when I'm ready to enter.
BTC-1.41%
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