$BTC | Initial reject at higher end of 3monthly order block.
What does it mean? The move to the lower end of the OB is often a deliberate liquidity grab designed to induce weak hands to sell. When price then pushes to the higher end and fails to break out, it indicates that buyers lack conviction or are overwhelmed by selling pressure. For now, it shows the OB is not holding as expected support, revealing a trap for late bulls or a false sense of reversal.
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$BTC | Initial reject at higher end of 3monthly order block.
What does it mean?
The move to the lower end of the OB is often a deliberate liquidity grab designed to induce weak hands to sell.
When price then pushes to the higher end and fails to break out, it indicates that buyers lack conviction or are overwhelmed by selling pressure.
For now, it shows the OB is not holding as expected support, revealing a trap for late bulls or a false sense of reversal.