Attention ❗️❗️ Has Bitcoin Topped out? 💥 Bitcoin has been in the premium side of the market for a while. Beware of being exit liquidity ❌ The next bounce to the upside could be only corrective with no new ATHs. It is important to consider all scenarios and not expect only the most bullish case. The herd will usually find themselves back in the bear market. Bearish major confluences to watch: USDT Dominance- Closure above 4.81%. This is inversely correlated to BTC. TOTAL- Closure below 3.62T. TOTAL 2- Closure below 1.42T BTC- Failure to break above liquidity zone $112890 + close above key swing high of $117853 on the next move to the upside. ETH- Failure to break above $4414 liquidity zone + close above key swing high of $4769 on the next move to the upside. The liquidity zone is a weekly level which is likely to be revisited and fill the equilibrium however closing below would indicate likely moves down to follow. Key bullish news released to retail traders to push the market to key levels for whales to sell at high liquidity zones before the push down. We watch and wait to see how all confluences align over the coming months. There is no guarantee that all will align. As always we remain emotionally detached and TA focussed with a refined methodology. There will always be short opportunities on the way down along with hedge longs should the top be in @ArchiSuite thecryptoarchitect.co.uk
