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🔎 BTC Review (1h)
I suggest checking out Bitcoin on the hourly timeframe:
👀 For Bitcoin, it currently looks like the market is preparing to remove liquidity before a strong upward move. There's a large zone of short stops at the top around $78,500–$79,500, which remains the main target. However, there's still local liquidity below around $76,600.
🐻 Therefore, I'm currently considering a scenario involving another downward move to remove the lower stops, after which I expect an upward impulse with a breakout of the local downtrend.
Overall, the market is increasingly overloaded with shorts, which only increases the chances of a strong upward rebound⏫
#btc #usdt #usdc #ltc #xrp $GT $ETH $SOL
Index of fear and greed - 27
Alto season index - 38
Market capitalization - $2.56 trillion
Thoughts on coins
📉 Short applicants:
—GRASS
—AGT
📈 Long candidates:
— COMP
—LINK