$BTC
BTC: Liquidity Above, Drop Can Follow 📉
BTC is trading around 80,400 right now. There is a lot of pending liquidity sitting above, around 81,800 - 82,200.
In my view, price can go up to that area first, take the liquidity, and then drop fast. The downside target is around 78,500.
I would not chase the pump here. Wait for price to get rejected in that zone first.
If BTC closes strongly above 82,500, this idea is invalid. Always use a stop-loss.
Personal view, not financial advice. DYOR.
#BTC #Bitcoin #Liquidity #BinanceSquare
BTC: Liquidity Above, Drop Can Follow 📉
BTC is trading around 80,400 right now. There is a lot of pending liquidity sitting above, around 81,800 - 82,200.
In my view, price can go up to that area first, take the liquidity, and then drop fast. The downside target is around 78,500.
I would not chase the pump here. Wait for price to get rejected in that zone first.
If BTC closes strongly above 82,500, this idea is invalid. Always use a stop-loss.
Personal view, not financial advice. DYOR.
#BTC #Bitcoin #Liquidity #BinanceSquare
