If you are still shorting every range high expecting a clean rejection, stop now.
Most traders lose their edge by clinging to their bias while the market aggressively sweeps liquidity against them. Getting caught on the wrong side of an impulsive breakout is the fastest way to blow an account.
I was expecting another standard rejection when $BTC approached the descending trendline at range resistance. Instead, buyers punched straight through that ceiling with heavy momentum, driving price all the way toward $86.9k without breaking a sweat.
The debate now is whether this is just an exhausted relief pump or the start of a broader continuation that drags $ETH higher. Bears argue that the move is overextended, but the highs around $87.3k remain unswept and a massive pool of resting liquidity above is still untouched. When momentum is this strong, the market rarely stops right before taking out obvious stops.
Do you think we sweep the $87.3k liquidity cluster directly, or are we heading for a sharp rejection?
#Bitcoin #CryptoTrading #BinanceSquare
Most traders lose their edge by clinging to their bias while the market aggressively sweeps liquidity against them. Getting caught on the wrong side of an impulsive breakout is the fastest way to blow an account.
I was expecting another standard rejection when $BTC approached the descending trendline at range resistance. Instead, buyers punched straight through that ceiling with heavy momentum, driving price all the way toward $86.9k without breaking a sweat.
The debate now is whether this is just an exhausted relief pump or the start of a broader continuation that drags $ETH higher. Bears argue that the move is overextended, but the highs around $87.3k remain unswept and a massive pool of resting liquidity above is still untouched. When momentum is this strong, the market rarely stops right before taking out obvious stops.
Do you think we sweep the $87.3k liquidity cluster directly, or are we heading for a sharp rejection?
#Bitcoin #CryptoTrading #BinanceSquare