The market's still playing a bit of a yo-yo game here. It made a pass at yesterday's low just a moment ago, but it's like it's stuck in a holding pattern.
Down below, there's this massive liquidity zone that's basically the elephant in the room for every trader out there.
Now, I'm not saying we won't see some front-running action, but the price has to muster up the courage to break through these stubborn resistance areas on the chart. Until it does, this choppy ride seems to be the name of the game.
If someone with deep pockets decides to steer this ship, it might not be too tough given how thin the order books are and the significant buildup of positions on both sides.
I'll hold off on the next Lower TF BTC update until we hit one of these interesting areas or something truly remarkable unfolds. Stay tuned! 馃槑馃挵馃殌