G’Day Crypto Kewl Kids! Yesterday’s BTC rally up to 64K was a short squeeze relief bounce. Market is attempting to base above 60K with liquidity stacks pretty much evenly dispersed for both long and short squeeze potential. Daily BTC Chart: Setting up for an interesting path to a move up in the market. SRSI is looking to make it’s move above the 20-line which could be the juice needed to reach 65K which is sitting right as the base of a low volume zone all the way up to 72K. So why does price often move to low volume zones or nodes? The phenomenon is driven by a few core market mechanics: Unfinished Auctions: When the price spikes up or down very fast, it leaves behind a Low Volume Node (LVN). This means a fair price was never truly established since few participants transacted there. Institutional Liquidity Grabs: Because LVNs have fewer resting orders in the book, large players can target them to fill or exit massive positions with less price disruption. Lack of Structural Support: Without a thick cluster of historical trades to act as a floor or a ceiling, the price easily slides back into or through these zones. 60K is the line in the sand, hold to prevent further selling, possibly to the low 50’s. Despite the basing and accumulation starting in the low 60’s, further unwind is possible, especially in a fearful market combined with a negative macro news event. For now, I’m leaning toward a market rebound in the near term and will follow where the trend leads. All eyes on the 60K support and 65K resistance. May the Alts be with You! Peace! #BitcoinCharts #CryptoTrading