$BTC Technical Outlook
The focus on the Yearly Open and the Liquidity Zone is the correct institutional mindset:
Yearly Open Defense: The daily candle close above the Yearly Open price (which was around $93,170 on the chart) is a strong signal that bulls are attempting to maintain structural integrity. Losing this level would confirm a full bearish rotation.
The Sub-$89K Tap: The recent wick down to the $85K–$87K range successfully initiated the "Distribution" phase of the AMD pattern, flushing out short-term longs. This sets the stage for the next move up to grab the short liquidity.
The Short Liquidity Target ("Grey Area"): The $96K–$97K region holds the key. Above $96,949, over $10.2 Billion in short leverage is waiting to be liquidated. This is the massive "Liquidity Area" that institutional algorithms will target before any potential larger dump.
Your strategy of waiting for that liquidity zone tap to open a new short is sound, as it capitalizes on the inevitable short squeeze to achieve a maximum high-probability entry for the next move down.
Foreheadburns View
The initial long shakeout is done. Now, the market must perform the "short squeeze" to complete the trap. We are aligning with the smart money's play: ride the bounce up to $96K–$97K, and then position for the drop down to $78K–$80K, as suggested by the structural chart setups.
#BTC #ShortSqueeze #LiquidityHunt #YearlyOpen #Foreheadburns
