everyone thinks holding this range means $btc only has upside left, but actually the next few weeks can still include a nasty liquidity grab before any real breakout.
you either fomo the first push and get wicked out, or you freeze and miss the move after the sweep. that's the part that actually loses people money, not the bigger trend call.
the path i weight more is one more sweep below $80k to take out extra long liquidity, then expansion higher and a break out of this range. ngl that dip is where a lot of obvious longs get cleared even when the trade was directionally fine.
slightly less likely is a deeper pullback that retests the initial breakout around $75k, which is where max pain to the downside sits. if $eth and the rest of the book are just leaning on $btc here, that retest is the scenario that forces a real decision instead of hopium. plan for both or the market picks for you.
anyone else seeing the sweep first, or are you positioned for 75k?
#bitcoin #btc #crypto
you either fomo the first push and get wicked out, or you freeze and miss the move after the sweep. that's the part that actually loses people money, not the bigger trend call.
the path i weight more is one more sweep below $80k to take out extra long liquidity, then expansion higher and a break out of this range. ngl that dip is where a lot of obvious longs get cleared even when the trade was directionally fine.
slightly less likely is a deeper pullback that retests the initial breakout around $75k, which is where max pain to the downside sits. if $eth and the rest of the book are just leaning on $btc here, that retest is the scenario that forces a real decision instead of hopium. plan for both or the market picks for you.
anyone else seeing the sweep first, or are you positioned for 75k?
#bitcoin #btc #crypto