The big peaks on South of Long's liquidation that trying to buy the last support at 18.5K.
The next peaks in north are between 19.7K to 20K, so between $600 to $900 of the price which is 3% to 4% and I can conclude that the Shorts with leverages between 25X to 30X
The next peaks in south are between 18.3K to 17.8K, so between $800 to $1200 of the price which is 4% to 5% and I can conclude that the Longs with leverages between 20X to 25X +or-
If the S&P 500 retraces the decline 1% back to test the resistance at 3900 for a pull back BTC, may look for closeouts of the shorts between 19.7K to 20K
If the S&P 500 continues its decline, then the BTC will look for the Long liquidations between 18.3K to 17.8K
The trend is strongly bearish either in Daily or Weekly, the announcement of Wednesday 21/09 on the rise in interest rates suggests that the Fed will increase rates up to 1%, and which will mean that fear will be confirmed on the market to continue the sell off, and if only 0.75% which is expected that the market is pricing, finally in 2 days we will have the answer.
The S&P 500 since July 19 has moved above 3900 which has been a support for the last 2 months, and now it looks like the Daily trend is reversing with the support at 3900 which has turned into a resistance that bears are looking for to defend.
The sellers remain weak despite being below the support at 3900 given the size of the last 1D candles, we need to force a close with a large red engulfing candle to confirm the breakout.
It's always possible to go back above, given the bullish divergence to be confirmed on the RSI and the MACD and the drop since the announcement of the inflation rates that I think we priced with a bearish Momentum which is starting to become saturated , but I think we can go down sharply given the strength of the downtrend, I do not underestimate the strength of a trend that can continue again and again like ours which is down.
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