$BTC With bullish sentiment comes liquidity.
You might feel like the bull market is "so back", or if you were a bear expecting 50k, feel like you were wrong right now.
And no one really wants to see sub 75k occur because then it would be "over" again.
Well, that's frankly how the markets work: to drop it to a level you feel like you want to buy right now, but once it comes, no you don't want to anymore... - psychology 101.
Liquidity and sentiment are quite clearly aligned perfectly with that.
Almost no liquidity above and most liquidity below, concentrated around 75k.
Gentle disclaimer, that this liquidity data is not the most accurate but coin glass does the best job along with some other ones. And I'm just showing the charts below per illustration.
I also want to highlight that I am a bull on the macro timeframe, I called the bottom at 60k with an unmatched 10k SL precision.
But on the daily timeframes, I expect a deep pullback.
Not an easy call, but trading is not "easy" like that, that's the psychological paradox that eternally rewards the trader.
So I continue to call for a local downside move.
I'll give up if I get stopped out of my 86k shorts.
And as always, I can be wrong. But I'd rather be wrong on my own thesis than joining the echo.
You might feel like the bull market is "so back", or if you were a bear expecting 50k, feel like you were wrong right now.
And no one really wants to see sub 75k occur because then it would be "over" again.
Well, that's frankly how the markets work: to drop it to a level you feel like you want to buy right now, but once it comes, no you don't want to anymore... - psychology 101.
Liquidity and sentiment are quite clearly aligned perfectly with that.
Almost no liquidity above and most liquidity below, concentrated around 75k.
Gentle disclaimer, that this liquidity data is not the most accurate but coin glass does the best job along with some other ones. And I'm just showing the charts below per illustration.
I also want to highlight that I am a bull on the macro timeframe, I called the bottom at 60k with an unmatched 10k SL precision.
But on the daily timeframes, I expect a deep pullback.
Not an easy call, but trading is not "easy" like that, that's the psychological paradox that eternally rewards the trader.
So I continue to call for a local downside move.
I'll give up if I get stopped out of my 86k shorts.
And as always, I can be wrong. But I'd rather be wrong on my own thesis than joining the echo.
