Price is currently trading right below a large low-leverage liquidation cluster.
Due to the strong push to the upside we saw over the past few hours, BTC has already started to tag that liquidity. However, the majority of that cluster still sits above.
On the downside, liquidity continues to build between $58k and $60k, creating a notable target below current price.
I do believe that this downside liquidity will get swept at some point. But for now, I expect BTC to push further into the upside cluster and at least take out the equal highs before we see a potential reversal.$BTC
V poslední době hodně mluvím o tom, kde si myslím, že se vytvoří dno, ale zřídka o nějakých alternativních scénářích.
Takže tady je scénář, který, podle mého názoru, je méně pravděpodobný, ale rozhodně stále v rámci možností.
Právě jsme viděli velmi očekávané zametání na $60k, kde BTC vytvořil nové lokální dno na $59k.
Zatím cena našla akceptaci zpět nad předchozím dnem, což činí opětovný test čtvrtletního otevření stále pravděpodobnějším.
Moje primární očekávání je stále odmítnutí z této úrovně následované posledním poklesem dolů.
Nicméně, protože většina retailových traderů očekává, že dno se vytvoří někde v rozmezí $55k-$49k, věřím, že scénář, kde BTC předbíhá tyto úrovně, by také mohl být možný.
Například, druhé zametání lokálního dna směrem k $58k následované rozkolísaným bočním rozsahem, než BTC konečně začne svůj další významný bullish trend.
Tento scénář by nejen dobře ladil s typickým časovým rámcem medvědího trhu, ale také s klesajícími drawdowny, které jsme viděli v nedávných cyklech.$BTC
$BTC After sweeping the low at $60.7k, price pushed higher into a local resistance level. This was followed by a short-term pullback before buyers stepped back in once again, pushing price back into that area. BTC has now printed both a higher low and a higher high, flipping short-term structure bullish. If we get a confirmed close above $62.9k, a sweep of the equal highs at $64.3k becomes increasingly likely. In case of another rejection, however, focus shifts back towards the $60.6k-$61.1k region, where price has bounced several times over the past two days. Considering both market structure and liquidity, I currently favor a sweep of the equal highs before we see a potential reversal.
After sweeping the previous quarterly low, we saw a small relief rally where price bounced roughly 9%.
If price continues to find acceptance back above this low, a push towards the quarterly open at $68.3k becomes possible. This is currently also the main target from a liquidity perspective.
However, I still believe that we have some more downside left before BTC eventually forms its bottom. That’s why I believe a move into that level could act as a possible bearish retest before BTC begins its final push lower.
Should we lose the pqL, the next main area of interest on the downside becomes the unfilled CME gap at $54k, which also lines up very well with the Fibonacci Golden Pocket of the previous bull run.
This is one of the key areas where I would expect a meaningful reaction and therefore where another one of my spot limit orders is placed.
Below that sits the July 2024 low. This low has remained untouched since the final leg higher of the previous bull run and is another level where I plan to accumulate spot.
For price to revisit that level, however, it would require significant selling pressure, as the $55k-$60k region is currently being defended quite aggressively by buyers.$BTC $ETH $BNB
If buyers don't defend this level, price will revisit $59k.
After retesting the key breakdown zone between $64k and $66k, price retraced back into the Golden Pocket of the current relief rally and swept the previous low.
In the process, BTC broke the short-term uptrend and invalidated bullish structure by printing a lower low.
That's why I believe any bounce from this support level is unlikely to be sustainable.
While a sweep of the recent high at $64.2k is still possible, I would rather view it as another bearish retest within the broader downtrend rather than a continuation higher.$BTC $ETH $XRP
BTC is currently trading around 60K, following yesterday's upward consolidation. The price has rebounded from the 60.4K,59K support area but is now facing the key resistance zone at 60.4K. Whether BTC can break through this level will determine if the rebound continues or if it will revert to a range consolidation.
💎 Structure and Indicators
The recent candlesticks show higher lows following the rebound, indicating that buyers are still defending the lower support area. However, the candles around the 63K,64K range are gradually becoming smaller, reflecting short term hesitation against the resistance.
The price is now above MA60 and MA120, which improves the short term structure, but 64.4K remains the first significant supply level. The CCI is in the 0,100 zone, indicating mild bullish control but without strong expansion. The MACD remains positive, and the RSI is neutral to slightly positive, with room for movement but still requires volume confirmation.
👍 Key Levels and Strategy
Resistance: 64.4K → 67.4K Support: 60.4K → 59K
If BTC breaks above 64.4K and stabilizes with strong volume, the rebound may extend to 67.4K. If the price faces resistance around 64.4K, the market may revert to the consolidation zone of 60.4K,59K.
🌈 Summary
BTC is recovering, but 64.4K is a key short term pressure area. A breakout would be bullish; otherwise, the market will remain in a consolidation state. #BTC #ETH