‼️$BTC price is currently trading inside a defined HTF range between $59.5K and $67K.
The main liquidity clusters are sitting just above the recent high and below the recent low, leaving clear targets on both sides of price.
I still expect this range to hold for a bit longer before price eventually breaks out, with the upside remaining the more likely direction.
Until then, however, I expect price action to remain choppy, with repeated liquidity hunts on both sides of the range.
That’s why I wouldn’t be surprised to see both of these liquidity clusters get taken out eventually.
Trade with proper risk management.
The main liquidity clusters are sitting just above the recent high and below the recent low, leaving clear targets on both sides of price.
I still expect this range to hold for a bit longer before price eventually breaks out, with the upside remaining the more likely direction.
Until then, however, I expect price action to remain choppy, with repeated liquidity hunts on both sides of the range.
That’s why I wouldn’t be surprised to see both of these liquidity clusters get taken out eventually.
Trade with proper risk management.