In a beautiful chaotic journey. High Frequency Trader. Founder of Zulgang Capital. Alpha of The Mountain Goats Trading Group. Tweets are not financial advices.
$BTCUSD supply is still in control.
Buyer's attempt to clear out the supply on $29,950 has failed, making the local low weak and the sellers have higher chance to create a lower low.
Expecting a liquidity grab. Will $25,000 comes to reality?
$BTCUSD if the demand successfully support the price here, $31,300 will be the next target.
The supply on $30,700 is the first stop. Need to mitigate risk if it the price reacts from it.
My expectation for $BTCUSD.
If the next H4 pullback cannot break $29,630 low then the plan will be invalid. Maybe the market need more liquidity to protect the area.