Bitcoin’s price reaches $87,000 post-FOMC, suggesting potential market movements. Key zones are identified for buying and selling, with liquidity traps noted. Analysts recommend caution and strategic waiting before trading.

Bitcoin has reached $87,000 following the recent FOMC meeting, marking a notable price shift after a two-week consolidation period. Analysts are examining the market structure to predict Bitcoin’s next move. Several critical areas warrant attention: a demand zone signaling potential buying opportunities, and a supply zone that could serve as an ideal selling point as Bitcoin continues to rise.

On the daily chart, Bitcoin has filled an imbalance and tested a demand zone, suggesting a pivotal moment for buyers. However, scrutiny of lower timeframes reveals further details. The H2 chart indicates a reaction to a supply zone after Bitcoin influenced liquidity along a trendline, typically perceived by retail traders as significant support or resistance.

Many retail traders are often misled by trendlines, leading to potential traps orchestrated by larger market players. After clearing liquidity levels above, Bitcoin encountered a supply area and is now determining its next steps. The M15 chart highlights two pivotal liquidity areas to observe: a demand zone below that may present a buying opportunity and a supply zone above that could facilitate selling as liquidity accumulates there.

The dynamics of trading remain inherently uncertain, characterized by market maneuvers designed to trap participants. Therefore, patience is crucial as new liquidity zones form; traders must wait for clear confirmations rather than make impulsive selections. With Bitcoin hovering around $87,000, major price movements are on the horizon, whether signifying a liquidity grab or a breakout towards higher price levels.

In conclusion, traders are advised to exercise caution and avoid hasty decisions until Bitcoin approaches either the demand or supply zones. Understanding the maneuvers of major players in the market can prove essential. For optimal trading experiences, platforms with competitive spreads and swift execution, such as Weex, are highly recommended, especially considering their ongoing promotional offer for deposits.

In summary, Bitcoin’s recent rise to $87,000 presents significant trading opportunities while highlighting the need for strategic caution. Traders should focus on key liquidity zones and remain patient for market confirmations. Ultimately, navigating the complexities of market movements requires understanding the actions of larger players and leveraging appropriate trading platforms.

Original Source: www.bitcoinsensus.com

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