$BTC | Liquidity Map (1H)
We got a decent rejection from the Daily FVG at 78.7k.
Following that rejection, We broke below the Weekly & Daily Open levels and rejected them on the retest.
This shows clear Bearish Momentum on the LTF right now and brings the downside liquidity levels into play.
Now, We have some internal structure liquidity (Weekend Liquidity) sitting around the 77.4k-77k region, Which should be taken out next.
I personally think this internal liquidity will likely help push price lower into the PWL region, Which is our first HTF Liquidity Pocket.
The reaction around 76.2k will be important. Ideally, We want to see a quick wick below the PWL, Followed by acceptance back above it.
Failure to reclaim and hold above this level will likely result in a further push down into the Monthly FVG region around 74.9k.
Ideally we should mark the bottom today if this week is going to be Bullish, Hence why I'm leaning towards a sweep of the lows inside this daily session.
We got a decent rejection from the Daily FVG at 78.7k.
Following that rejection, We broke below the Weekly & Daily Open levels and rejected them on the retest.
This shows clear Bearish Momentum on the LTF right now and brings the downside liquidity levels into play.
Now, We have some internal structure liquidity (Weekend Liquidity) sitting around the 77.4k-77k region, Which should be taken out next.
I personally think this internal liquidity will likely help push price lower into the PWL region, Which is our first HTF Liquidity Pocket.
The reaction around 76.2k will be important. Ideally, We want to see a quick wick below the PWL, Followed by acceptance back above it.
Failure to reclaim and hold above this level will likely result in a further push down into the Monthly FVG region around 74.9k.
Ideally we should mark the bottom today if this week is going to be Bullish, Hence why I'm leaning towards a sweep of the lows inside this daily session.
