If you're still longing $BTC blindly expecting an immediate range break, stop now.
This kind of FOMO has cost traders millions as they get stopped out on the liquidity sweep they never saw coming. Too many people don't know when to sit out or how to time the real entry.
I've got two scenarios mapped for the weeks ahead. The primary one is another dip below $80k to take out leftover long positions before we push higher and break out of this chop. That feels like the cleaner path given the current structure.
The alternative, which I rate as less likely, is a grind down to retest $75k. That's the max pain zone that would flush a lot of weak hands. I don't think we need to go that far, but it's possible if selling pressure picks up. $ETH and $SOL will probably echo whatever $BTC decides here.
Do you see the sweep below $80k or the deeper $75k retest playing out?
#Bitcoin #Crypto #Trading
This kind of FOMO has cost traders millions as they get stopped out on the liquidity sweep they never saw coming. Too many people don't know when to sit out or how to time the real entry.
I've got two scenarios mapped for the weeks ahead. The primary one is another dip below $80k to take out leftover long positions before we push higher and break out of this chop. That feels like the cleaner path given the current structure.
The alternative, which I rate as less likely, is a grind down to retest $75k. That's the max pain zone that would flush a lot of weak hands. I don't think we need to go that far, but it's possible if selling pressure picks up. $ETH and $SOL will probably echo whatever $BTC decides here.
Do you see the sweep below $80k or the deeper $75k retest playing out?
#Bitcoin #Crypto #Trading