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$BTC For some of you who really care about 'Learning' live market psychology.
Observe the previous week candle. It has all the answers. The previous week low was 67.3k and closing was 67.8k. Both of these levels were my target for the scalp & swing longs I took on Saturday.
Now What I expected was a short squeeze over the weekend to kick out the late shorts. The market did exactly that but not till $67.8k or $68k. And it came back down near the entry, and that too before a new Weekly Candle opens.
Current Week Candle is about to close below the low and close point of it's previous week which can push the Monday opening to be a little more bearish than before.
That is the sole reason I exited my longs. The previous week as well as the current week both have retraced the pump that came from $65k earlier in March. This seems to me to be a high value sell push. It's not healthy.
We should wait either for the sweep or a big liquidation candle first in such cases.
#btc #btcusdt #WinGoldBarsWithGrowthPoints #BitcoinWeakens #FedRateHikeExpectationsResurface $BTC