Ready to buy $BTC around 75-76K and take profit my short position there
Jason XBT
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$BTC could find a local bottom around $72K–$75K, with $74K–$75K as the primary buy zone and a possible liquidity sweep to $72K–$73K.
Lower highs and failed reclaim attempts at $80K–$82K keep the bearish structure intact. Weak demand around MA200 and liquidity below $76K support further downside.
My plan is to accumulate in these zones. This is a local correction bottom, not the cycle low, which I still expect around $58K.
$BTC could find a local bottom around $72K–$75K, with $74K–$75K as the primary buy zone and a possible liquidity sweep to $72K–$73K.
Lower highs and failed reclaim attempts at $80K–$82K keep the bearish structure intact. Weak demand around MA200 and liquidity below $76K support further downside.
My plan is to accumulate in these zones. This is a local correction bottom, not the cycle low, which I still expect around $58K.