Bitcoin (BTC): Pressure From Sellers Has Not Stopped!

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Bitcoin continues to show the pressure from sellers, where slowly but steadily we have been seeing lower lows form here where each bullish momentum has been suppressed so far.

While price is moving slowly here, we are expecting some sudden movement to happen, which could be described as liquidity hunting!

Swallow Team

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ملاحظة

On a smaller timeframe, we see that while price is seeing some struggle to secure fully the zone, we are still below major EMAs and price is seeing pressure from sellers, which can be seen clearly here with that re-test that rejected the buyers.

We are looking for the price to secure that zone by tomorrow, if not today so keep an eye on it; once we see it, we should be good for downward movement.

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ملاحظة

Ended up nicely