$BTC right now‼️
I am attempting to open a long trade starting at the $76,400 level, viewing the indicated liquidity level as a potential support line—a zone of interest for the bulls this Sunday.
This setup offers a potential profit of over 10% if the price reaches $77,400.
Alternatively, I will look to build a long position starting at $75,590, which marks the lower boundary of the apparent descending trading channel. For two consecutive days, bears have been trying to break the support level at $76,500.
A brief look at the data informing today's trade:
Bitcoin ETF outflows slowed on Friday, but the week ahead is packed with events—including geopolitical developments—that directly impact the global economy and logistics. Furthermore, a new escalation occurred today, which markets might view negatively. At the same time, on-chain cryptocurrency market data shows resilience across several metrics.
Until Monday arrives, I will be trading within the pattern shown on the chart.
My goal for today is to secure a profit of at least 10%. Not financial advice.
Wishing everyone profitable trades💰💪
I am attempting to open a long trade starting at the $76,400 level, viewing the indicated liquidity level as a potential support line—a zone of interest for the bulls this Sunday.
This setup offers a potential profit of over 10% if the price reaches $77,400.
Alternatively, I will look to build a long position starting at $75,590, which marks the lower boundary of the apparent descending trading channel. For two consecutive days, bears have been trying to break the support level at $76,500.
A brief look at the data informing today's trade:
Bitcoin ETF outflows slowed on Friday, but the week ahead is packed with events—including geopolitical developments—that directly impact the global economy and logistics. Furthermore, a new escalation occurred today, which markets might view negatively. At the same time, on-chain cryptocurrency market data shows resilience across several metrics.
Until Monday arrives, I will be trading within the pattern shown on the chart.
My goal for today is to secure a profit of at least 10%. Not financial advice.
Wishing everyone profitable trades💰💪
