#BTC Market Update: CHoCH, Liquidity Grab, & The Next Bullish Leg
Following a clean CHoCH (Change of Character) at the 82K mark and a push to a new high at 87K, we have a strong structural sign that the market will remain bullish in the coming weeks.
The Pullback First: Before that next major leg up, I am expecting a healthy retracement down to grab liquidity around the 74K level.
The Outlook: Because of this sweep, expect BTC price action to trend downward in the short term next week before setting up for the next impulsive push to new highs. 📈
$BTC
Patience is key while we wait for that liquidity sweep at 74K! How are you positioning your portfolio for next week? Let me know below! 👇
#BinanceSquare #Bitcoin #BTC #CryptoTrading #TechnicalAnalysis #PriceAction #SmartMoney #CryptoSetup
Following a clean CHoCH (Change of Character) at the 82K mark and a push to a new high at 87K, we have a strong structural sign that the market will remain bullish in the coming weeks.
The Pullback First: Before that next major leg up, I am expecting a healthy retracement down to grab liquidity around the 74K level.
The Outlook: Because of this sweep, expect BTC price action to trend downward in the short term next week before setting up for the next impulsive push to new highs. 📈
$BTC
Patience is key while we wait for that liquidity sweep at 74K! How are you positioning your portfolio for next week? Let me know below! 👇
#BinanceSquare #Bitcoin #BTC #CryptoTrading #TechnicalAnalysis #PriceAction #SmartMoney #CryptoSetup