$BTC has swept the upside liquidity several times, pushing above the key level, but buyers still haven’t delivered a convincing breakout.
Price continues to struggle around the major resistance zone, marking another rejection from this critical area. With so much liquidity concentrated here, I need to see multiple strong candle closes above the breakout level before considering the move confirmed.
If bulls can establish consecutive closes above resistance, I’ll invalidate my bearish outlook and exit my short positions. Until that happens, the downside scenario remains valid, and I’m staying positioned for lower liquidity targets.
#BTC #Bitcoin
Price continues to struggle around the major resistance zone, marking another rejection from this critical area. With so much liquidity concentrated here, I need to see multiple strong candle closes above the breakout level before considering the move confirmed.
If bulls can establish consecutive closes above resistance, I’ll invalidate my bearish outlook and exit my short positions. Until that happens, the downside scenario remains valid, and I’m staying positioned for lower liquidity targets.
#BTC #Bitcoin