🔴 $BTC — A LIQUIDITY SWEEP BEFORE THE NEXT DROP?
Bitcoin's recent sell-off has shifted short-term market sentiment, but I believe chasing the current downward move isn't the best approach. Instead, I'm watching how price reacts around the nearby liquidity zones.
The weekly chart highlights two major liquidity levels, with $75,296 acting as an important downside magnet. Meanwhile, the $78,870 region is a key short-term resistance area.
My preferred scenario is a relief bounce toward $78,870, where BTC could sweep liquidity above recent local highs. If price reaches this zone and prints a strong bearish rejection, it could provide a high-probability opportunity for sellers to regain control.
🎯 Potential SHORT Plan
Entry: $78,870 (after confirmation)
Stop-Loss: $79,825
TP1: $77,000
TP2: $76,000
TP3: $75,296
However, this is a projected scenario, not a confirmed move. I'll be looking for bearish displacement and a lower-timeframe structure shift before considering an entry.
My approach is simple: Let liquidity get taken first, then follow the confirmation. No need to fight the market or chase candles.
Trade with patience. Protect your capital. 🚀
#BTC☀ #TradingAnalysis #Mr_Green
Bitcoin's recent sell-off has shifted short-term market sentiment, but I believe chasing the current downward move isn't the best approach. Instead, I'm watching how price reacts around the nearby liquidity zones.
The weekly chart highlights two major liquidity levels, with $75,296 acting as an important downside magnet. Meanwhile, the $78,870 region is a key short-term resistance area.
My preferred scenario is a relief bounce toward $78,870, where BTC could sweep liquidity above recent local highs. If price reaches this zone and prints a strong bearish rejection, it could provide a high-probability opportunity for sellers to regain control.
🎯 Potential SHORT Plan
Entry: $78,870 (after confirmation)
Stop-Loss: $79,825
TP1: $77,000
TP2: $76,000
TP3: $75,296
However, this is a projected scenario, not a confirmed move. I'll be looking for bearish displacement and a lower-timeframe structure shift before considering an entry.
My approach is simple: Let liquidity get taken first, then follow the confirmation. No need to fight the market or chase candles.
Trade with patience. Protect your capital. 🚀
#BTC☀ #TradingAnalysis #Mr_Green
