CrediBULL Crypto|Nov 06, 2026 20:35
That is technically a sweep of our range lows on BTC ✅
As mentioned in my last video update (quoted below), as counterintuitive as it may sound, taking these lows is actually the best case scenario because if we can move up to 90k+ now, there is less of a compelling argument for a move back down to 70k's than there would have been if we had left these lows behind (and gone for the highs first).
And to be clear, because I know people will take this out of context if we move up to 90k+ in a choppy/corrective manner, then taking these lows now won't change the fact that we are likely to reject at 90k+ again.
On the other hand, now that we have taken these lows, if we move up in an impulsive manner, then there is a chance that we may be able to get past the important 90k+ resistance zone rather than rejecting.
For now, let's see if we get that reversal to the upside now that downside liquidity has officially been taken. Pretty much every other asset I am watching also looks primed for a reversal/relief, so now it just up to BTC to lead the way for the rest of the market.
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