Most people read a dip under $80k as the breakdown, but the level that usually decides the next leg is the one that hurts the most positions, not the one that looks cleanest on the chart.
You've probably been here. Price tags your level, you add, then a wick takes the stop and the bounce starts without you. Or you freeze and watch the move you wanted happen from the sidelines.
Right now I have two ways $BTC can play the next few weeks. The base case is one more sweep below $80k to clear leftover long liquidity, then an expansion higher that finally breaks this range. That sweep is the trap. It looks like weakness, and it's often just the market paying the stops before it goes the other way.
The less likely path is the one that does real damage. A deeper pullback retests the initial breakout around $75k, and that's where max pain to the downside sits. Size up on the first touch of $80k and a run into $75k is what liquidates you. $ETH tends to follow that same liquidity grab rather than lead it, so the bleed doesn't stay isolated to bitcoin.
Are you positioned for the sweep, or only for the breakout?
#Bitcoin #BTC #Crypto
You've probably been here. Price tags your level, you add, then a wick takes the stop and the bounce starts without you. Or you freeze and watch the move you wanted happen from the sidelines.
Right now I have two ways $BTC can play the next few weeks. The base case is one more sweep below $80k to clear leftover long liquidity, then an expansion higher that finally breaks this range. That sweep is the trap. It looks like weakness, and it's often just the market paying the stops before it goes the other way.
The less likely path is the one that does real damage. A deeper pullback retests the initial breakout around $75k, and that's where max pain to the downside sits. Size up on the first touch of $80k and a run into $75k is what liquidates you. $ETH tends to follow that same liquidity grab rather than lead it, so the bleed doesn't stay isolated to bitcoin.
Are you positioned for the sweep, or only for the breakout?
#Bitcoin #BTC #Crypto