
CryptoISO|Apr 17, 2025 01:35
~88k or ~81k
That seems like the magnet either side.
Right now in between is liquidity games.
Lose weekly open and lower bound more likely.
Trade 85.5k and hold then 88k seems more likely.
I would say stops are much more plentiful below at this point given the artificial defense around low 83ks.
I don’t think today when risk was slaughtered people magically decided BTC was a safe haven like gold.
Especially with a big CB premium.
Things to note.
Delta at 83k was red and shorts entered after wiping the 7% off the OI from the other day.
Powell selloff in everything but BTC never took the lows (there is no second best)
Previous week high was swept.
Sitting around 50 MA with liquidity through 200 MA.
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