$BTC
starts the week by making a fresh sweep of the lows.
As discussed yesterday, Bitcoin went for the weekend liquidity around the 82.8K lows.
I actually like this move because Bitcoin is once again approaching some interesting POIs.
We consolidated for a couple of days, building liquidity on both sides. Now that the lows have been swept, longs could potentially come into play soon.
My preferred POI for longs is the 82K region. This area represents a retest of the HTF range high and the top of the consolidation that led to the previous pump.
When price enters this region, I’ll be monitoring closely for a long trigger.
I understand the short-continuation thesis around 84.2K. However, I would only look for short triggers there if we haven’t tested the 82K region yet.
If BTC tests 82K first and then pumps toward 84.2K, I consider shorting there to be a lower-probability setup.
Good luck this week, everyone.
DYOR.
$BTC
BTCUSDT Perp
82,772.9
starts the week by making a fresh sweep of the lows.
As discussed yesterday, Bitcoin went for the weekend liquidity around the 82.8K lows.
I actually like this move because Bitcoin is once again approaching some interesting POIs.
We consolidated for a couple of days, building liquidity on both sides. Now that the lows have been swept, longs could potentially come into play soon.
My preferred POI for longs is the 82K region. This area represents a retest of the HTF range high and the top of the consolidation that led to the previous pump.
When price enters this region, I’ll be monitoring closely for a long trigger.
I understand the short-continuation thesis around 84.2K. However, I would only look for short triggers there if we haven’t tested the 82K region yet.
If BTC tests 82K first and then pumps toward 84.2K, I consider shorting there to be a lower-probability setup.
Good luck this week, everyone.
DYOR.
$BTC
BTCUSDT Perp
82,772.9
