$BTC Back to the horizontal local resistance area. Sharp buyback after the initial sell off right at the monthly open. Something we were watching for as those kind of moves rarely stick. Price did now make a higher high and higher low, so technically the market structure is back to bullish on this timeframe. But to properly get this going I want to see it sustain above this current price area. $97K-$98K is still an interesting spot in terms of liquidity. That would be in play if this current area breaks.
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GM everyone
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$BTC Where the US Trading Session and US Investors were the primary reason for the October all time high, they are also the main reason for this recent sell off. Most downside happening during the US & EU sessions. The Asia session has been pretty bearish into the October all time high but has actually not been a massive seller during this actual downturn. Most action still happens during the US session which is of course also when ETFs are live for trading and when most volume occurs.
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