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- Pin
BTC has just experienced a sweep above the 94.2K zone and then retreated back into the sideways price range. This is a common price action that occurs when the market is trying to gather liquidity before moving in the main direction.
After this sweep, the price may produce a few more “noise” candles—sweeps caused by news ( such as FOMC )—but these are only short-term fluctuations.
Overall, when the market sweeps the high and then turns down, it usually indicates that the price is correcting to lower levels within the sideways range to complete the structure before forming a new trend.
📌 In summary:
• The price just gathered liquidity above.
• After this type of movement, BTC may test this wick area again before moving back to test the lower zone.$BTC $ETH $PIPPIN