Iโm watching a potential LONG on $BTC from here.
๐ฏ TP: $84,830
๐ SL: $83,480
Hereโs the idea:
$BTC recently wicked below the previous low, sweeping liquidity from late buyers and triggering their stop-losses.
BTCT
US
BTC Digital Ltd. Ordinary Shares
1.025
-1.91%
But the important part? Price quickly reclaimed the level. ๐ฅ
That tells me the downside liquidity may already have been taken.
BTC
83,030.18
+0.50%
Now the setup becomes interesting.
Many traders may start opening shorts after that sharp drop โ and their liquidity could be sitting higher around $84,800.
If $BTC holds the reclaimed level and momentum continues, Iโm watching that area as the next liquidity target.
First, the late longs got flushed.
Nowโฆ could the shorts become the next target? ๐
Trade the confirmation, not the emotion. ๐