Let's get real.
I've been watching this BTC pullback for a few days. Since coming down from the highs, it's been sweeping long liquidity all the way down. There's still a large liquidity pool around 71k–69k; it's not something that reverses just like that. A lot of people are asking whether they should buy the dip. My take: don't rush. Demand is still flowing out. ETF outflows aren't huge, but the signal is there. Supply isn't the issue—annualized inflation is only around 0.x%. What's really weighing on the price is that buyers haven't stepped in.
I'm flat and watching for now. If we get a bearish close on a bounce near 73k, I'm still leaning bearish. Below, the key thing to watch is whether the 69k–71k pool holds. If it doesn't, the area around miners' costs (roughly 56k) is a much more solid level. Several long-term tools point to the 53–58k range. That doesn't mean we'll get there right away, but structurally, there's room. In the short term, all three maps point to around 70k. Don't let emotions push you into chasing.
Lots of people in the chat are calling for a bottom, but your position is what really counts. What are you doing right now? Comment below: A) Flat and waiting for a signal B) In a trade C) Just opened a position. Be honest—no judgment.
Follow me for a livestream and SMC lessons every night at 21:00.
🌿 Surname Zhao, identity undisclosed | For reference only
I've been watching this BTC pullback for a few days. Since coming down from the highs, it's been sweeping long liquidity all the way down. There's still a large liquidity pool around 71k–69k; it's not something that reverses just like that. A lot of people are asking whether they should buy the dip. My take: don't rush. Demand is still flowing out. ETF outflows aren't huge, but the signal is there. Supply isn't the issue—annualized inflation is only around 0.x%. What's really weighing on the price is that buyers haven't stepped in.
I'm flat and watching for now. If we get a bearish close on a bounce near 73k, I'm still leaning bearish. Below, the key thing to watch is whether the 69k–71k pool holds. If it doesn't, the area around miners' costs (roughly 56k) is a much more solid level. Several long-term tools point to the 53–58k range. That doesn't mean we'll get there right away, but structurally, there's room. In the short term, all three maps point to around 70k. Don't let emotions push you into chasing.
Lots of people in the chat are calling for a bottom, but your position is what really counts. What are you doing right now? Comment below: A) Flat and waiting for a signal B) In a trade C) Just opened a position. Be honest—no judgment.
Follow me for a livestream and SMC lessons every night at 21:00.
🌿 Surname Zhao, identity undisclosed | For reference only