Right now, I’m around 75% in profit on my trade.
We entered at $80,904, following the analysis I posted this morning, and the trade is now up around $1,495.
So far, the setup is playing out well.
I still think this move can continue higher, because the earlier analysis remains relevant. The latest ETH funding rate, ETH predicted funding rate, Bitcoin funding rate, and Bitcoin predicted funding rate are all still key drivers behind today’s price action.
Aggregated funding has been very negative and is now flip-flopping back and forth. But the important point is this: even when funding dips negative, price is still acting bullish.
That tells me traders are trying to short too quickly.
And when shorts pile in while price keeps rising, that creates more fuel for the upside. So for now, I still see this as a bullish setup.
We entered at $80,904, following the analysis I posted this morning, and the trade is now up around $1,495.
So far, the setup is playing out well.
I still think this move can continue higher, because the earlier analysis remains relevant. The latest ETH funding rate, ETH predicted funding rate, Bitcoin funding rate, and Bitcoin predicted funding rate are all still key drivers behind today’s price action.
Aggregated funding has been very negative and is now flip-flopping back and forth. But the important point is this: even when funding dips negative, price is still acting bullish.
That tells me traders are trying to short too quickly.
And when shorts pile in while price keeps rising, that creates more fuel for the upside. So for now, I still see this as a bullish setup.
Looking at the Bitcoin liquidation heat map on the 24-hour setting, the downside liquidity is clearly visible, but I’m not fully convinced it is the real target here.
It looks slightly fake to me.
Yes, there is liquidity below price, and Bitcoin could absolutely dip towards $80,500 before moving higher. That risk is still on the table.
But when I compare the liquidity below with the concentration above price, the upside liquidity looks much more important. There are far more short positions sitting above the market waiting to get squeezed.
Bitcoin usually moves towards the strongest liquidity pool, and right now, the money appears to be sitting above.
There is also a large yellow cluster showing high-leverage longs that could get wiped out if price dips first. I would put myself in that category right now, because I am using aggressive leverage on this trade.
So this is not risk-free.
But as the day goes on, I am getting more convinced that Bitcoin may skip the downside sweep and continue ripping higher into the liquidity above.
For now, the setup still looks like a short squeeze in progress.
It looks slightly fake to me.
Yes, there is liquidity below price, and Bitcoin could absolutely dip towards $80,500 before moving higher. That risk is still on the table.
But when I compare the liquidity below with the concentration above price, the upside liquidity looks much more important. There are far more short positions sitting above the market waiting to get squeezed.
Bitcoin usually moves towards the strongest liquidity pool, and right now, the money appears to be sitting above.
There is also a large yellow cluster showing high-leverage longs that could get wiped out if price dips first. I would put myself in that category right now, because I am using aggressive leverage on this trade.
So this is not risk-free.
But as the day goes on, I am getting more convinced that Bitcoin may skip the downside sweep and continue ripping higher into the liquidity above.
For now, the setup still looks like a short squeeze in progress.
If you know anyone who trades Bitcoin, Ethereum, altcoins, forex, stocks, or just wants better market analysis, feel free to invite them into this group.
I’m building Chart Advantage as a serious trading community where we break down price action, liquidity, funding, open interest, and market structure in a way that actually helps people trade better.
No pointless spam. No fake hype. Just useful information, professional analysis, and real setups.
Invite link:
https://t.me/Chart_Advantage
If the analysis in here has helped you, sharing it with one or two trading friends would really help grow the group, I’d genuinely appreciate it.
I’m building Chart Advantage as a serious trading community where we break down price action, liquidity, funding, open interest, and market structure in a way that actually helps people trade better.
No pointless spam. No fake hype. Just useful information, professional analysis, and real setups.
Invite link:
https://t.me/Chart_Advantage
If the analysis in here has helped you, sharing it with one or two trading friends would really help grow the group, I’d genuinely appreciate it.
Telegram
Chart Advantage
Chart Advantage is a private trading community for serious market participants.
We focus on high-probability setups, technical analysis, and disciplined risk management across equities, crypto, and commodities.
No noise. No hype.
Just edge.
We focus on high-probability setups, technical analysis, and disciplined risk management across equities, crypto, and commodities.
No noise. No hype.
Just edge.
👍3
I am also very aware that a head and shoulders top pattern is starting to form on Bitcoin.
To be fair, it does look fairly complete, so from a bullish perspective, that is not ideal. But I am maintaining my bullish stance unless price drops below my entry.
I have increased the size of my trade twice around these levels, because I am anticipating a bounce and support forming here.
That being said, this is still a high-risk area.
If Bitcoin just drops straight through support, it would be a pretty ugly red day. The key level I am watching is around $80,800. If we lose that level properly, then I would expect price to move lower towards $79,000–$78,500.
So for now, I am still bullish, but this is definitely a level where risk needs to be respected.
To be fair, it does look fairly complete, so from a bullish perspective, that is not ideal. But I am maintaining my bullish stance unless price drops below my entry.
I have increased the size of my trade twice around these levels, because I am anticipating a bounce and support forming here.
That being said, this is still a high-risk area.
If Bitcoin just drops straight through support, it would be a pretty ugly red day. The key level I am watching is around $80,800. If we lose that level properly, then I would expect price to move lower towards $79,000–$78,500.
So for now, I am still bullish, but this is definitely a level where risk needs to be respected.
Switching to 15m Timeframe for more perspective if we lose the support because i will close and wait for a new setup should that happen. I just know its unlikely if we trade lower that holding an underwater long makes sense.
As it is, support is holding, you cannot trade this on 1m candles, its too stressful, your life is much happier on higher timeframes.
As it is, support is holding, you cannot trade this on 1m candles, its too stressful, your life is much happier on higher timeframes.
Right now, we need to understand the range.
We need to know where the bottom of the range is, and where the top of the range is.
For now, I’m hoping this area around $80,700 is the bottom of the range.
You also need to remember: I have dollar cost averaged into this position, so my entry is no longer as clean as it was originally.
That being said, the trade sizing is now quite aggressive. If I can hold onto it, this could still turn into a very good trade.
But sometimes, you simply cannot hold onto these positions.
Sometimes the chart says no.
So right now, this is a pure waiting game.
The key question is simple: does support show up here?
If support forms, then I’m looking for Bitcoin to push back towards $81,600.
That would be roughly a $500 move, and with my current trade size, that could mean around $2,000–$2,500 profit on the Bitcoin trade.
The SHIB trade should also benefit if Bitcoin starts pushing higher again.
And if Bitcoin can hold around these levels, then I think altcoins are likely to continue ripping.
Altcoins are already showing strength now we just need Bitcoin to hold the line.
We need to know where the bottom of the range is, and where the top of the range is.
For now, I’m hoping this area around $80,700 is the bottom of the range.
You also need to remember: I have dollar cost averaged into this position, so my entry is no longer as clean as it was originally.
That being said, the trade sizing is now quite aggressive. If I can hold onto it, this could still turn into a very good trade.
But sometimes, you simply cannot hold onto these positions.
Sometimes the chart says no.
So right now, this is a pure waiting game.
The key question is simple: does support show up here?
If support forms, then I’m looking for Bitcoin to push back towards $81,600.
That would be roughly a $500 move, and with my current trade size, that could mean around $2,000–$2,500 profit on the Bitcoin trade.
The SHIB trade should also benefit if Bitcoin starts pushing higher again.
And if Bitcoin can hold around these levels, then I think altcoins are likely to continue ripping.
Altcoins are already showing strength now we just need Bitcoin to hold the line.
Having said that its barely a bullish Divergence and certainly not something i would stake more than 1% of my account on.
❤1
Bitcoin Trade Update — High-Risk Range
I still do not fully buy the idea that Bitcoin takes out the lower liquidation range here.
To me, this feels more like a trap than a clean breakdown. I do not see enough genuine demand to short aggressively at these levels. It looks like the market is trying to bait traders into shorting the lows before squeezing them back to the upside.
Right now, the position is only slightly in the red. The loss itself is not the issue. The real issue is discipline — knowing when to close a trade if the market invalidates the setup.
That is the difficult part here.
If Bitcoin loses this range and starts moving into the lower liquidity zone, it could accelerate quickly. The level I am watching closely is around $80,700. That is roughly the lowest area I am comfortable holding. If we start losing that properly, the risk increases significantly.
The deeper downside level is around $80,200, but holding a leveraged position into that area would be too aggressive for my risk tolerance.
On the upside, the setup is clear.
If Bitcoin gets back above $81,000, I think the move opens up again. From there, the next major target is around $82,000, and if the squeeze develops properly, I still think Bitcoin can push towards $84,000.
So the trade is simple:
Hold support here, reclaim $81,000, then squeeze the shorts.
That is the scenario I am positioned for.
The reason I am still interested in this trade is because we are seeing signs of larger positioning entering the market. There have been some very large orders appearing in single candles today, including what looks like a sizeable leveraged long position entering around this range.
That can mean accumulation.
But it can also just be a large trader taking a bad trade.
That is why this is not an easy call.
The sensible decision for most people here is probably to stay out and wait for confirmation. I want to be very clear about that. This is a high-risk area, and there is no need to force a trade.
I am staying in because I believe the opportunity is there, and I am personally comfortable with the risk.
Worst case, I take a controlled loss. Best case, if this entry is right and Bitcoin squeezes properly, the upside is extremely attractive.
But I also want to point something out honestly:
Greed is the danger here.
Greed makes traders hold longer than they should.
Greed makes traders ignore invalidation.
Greed makes traders turn a good setup into a bad decision.
So I am watching this very carefully.
A break above $80,925 would be the first positive sign, because that would start to break the short-term downtrend. From there, I would want to see Bitcoin reclaim $81,200 and continue ranging higher into the US open.
For now, I am considering reducing the position by 50% to lower risk, because the leverage is aggressive and the range is tight.
But I am not closing fully yet.
The market is still holding support, the downside move still looks suspicious, and if Bitcoin reclaims the key levels above, I think the shorts get trapped.
I will update if I close or reduce the trade.
For now, this remains a high-risk long, but the setup is still alive.
I still do not fully buy the idea that Bitcoin takes out the lower liquidation range here.
To me, this feels more like a trap than a clean breakdown. I do not see enough genuine demand to short aggressively at these levels. It looks like the market is trying to bait traders into shorting the lows before squeezing them back to the upside.
Right now, the position is only slightly in the red. The loss itself is not the issue. The real issue is discipline — knowing when to close a trade if the market invalidates the setup.
That is the difficult part here.
If Bitcoin loses this range and starts moving into the lower liquidity zone, it could accelerate quickly. The level I am watching closely is around $80,700. That is roughly the lowest area I am comfortable holding. If we start losing that properly, the risk increases significantly.
The deeper downside level is around $80,200, but holding a leveraged position into that area would be too aggressive for my risk tolerance.
On the upside, the setup is clear.
If Bitcoin gets back above $81,000, I think the move opens up again. From there, the next major target is around $82,000, and if the squeeze develops properly, I still think Bitcoin can push towards $84,000.
So the trade is simple:
Hold support here, reclaim $81,000, then squeeze the shorts.
That is the scenario I am positioned for.
The reason I am still interested in this trade is because we are seeing signs of larger positioning entering the market. There have been some very large orders appearing in single candles today, including what looks like a sizeable leveraged long position entering around this range.
That can mean accumulation.
But it can also just be a large trader taking a bad trade.
That is why this is not an easy call.
The sensible decision for most people here is probably to stay out and wait for confirmation. I want to be very clear about that. This is a high-risk area, and there is no need to force a trade.
I am staying in because I believe the opportunity is there, and I am personally comfortable with the risk.
Worst case, I take a controlled loss. Best case, if this entry is right and Bitcoin squeezes properly, the upside is extremely attractive.
But I also want to point something out honestly:
Greed is the danger here.
Greed makes traders hold longer than they should.
Greed makes traders ignore invalidation.
Greed makes traders turn a good setup into a bad decision.
So I am watching this very carefully.
A break above $80,925 would be the first positive sign, because that would start to break the short-term downtrend. From there, I would want to see Bitcoin reclaim $81,200 and continue ranging higher into the US open.
For now, I am considering reducing the position by 50% to lower risk, because the leverage is aggressive and the range is tight.
But I am not closing fully yet.
The market is still holding support, the downside move still looks suspicious, and if Bitcoin reclaims the key levels above, I think the shorts get trapped.
I will update if I close or reduce the trade.
For now, this remains a high-risk long, but the setup is still alive.
👍2
Bitcoin Trade Update — 1-Minute Structure
I’m using the one-minute chart here to show the lower-timeframe candle behaviour in more detail.
At the moment, this still looks like another short-term rejection. There is a real possibility that Bitcoin sweeps the lows of this range again, potentially back towards the $80,800 area, before we see another proper attempt at upside.
In hindsight, I should probably have reduced or closed the position closer to entry, but the loss is still small and the setup has not fully invalidated yet.
The key point is this:
If Bitcoin can reclaim this level and push back through resistance, closing too early would have been the wrong decision.
I am still watching the upward-sloping blue trendline around $81,200. That remains the level I think Bitcoin can trade back towards if support continues to hold.
The reason I am still giving this trade room is because timing matters here. If Bitcoin can hold this range into the US open, then we could see fresh liquidity come into the market.
Pre-market conditions look fairly constructive, confidence appears to be returning, and there is no obvious sign of major sell pressure at the moment.
So while a sweep of the range lows is still possible, my base case remains that Bitcoin is trying to build support here before continuing the short-term uptrend.
For now, I am still holding, but the level is tight and the next move matters.
I’m using the one-minute chart here to show the lower-timeframe candle behaviour in more detail.
At the moment, this still looks like another short-term rejection. There is a real possibility that Bitcoin sweeps the lows of this range again, potentially back towards the $80,800 area, before we see another proper attempt at upside.
In hindsight, I should probably have reduced or closed the position closer to entry, but the loss is still small and the setup has not fully invalidated yet.
The key point is this:
If Bitcoin can reclaim this level and push back through resistance, closing too early would have been the wrong decision.
I am still watching the upward-sloping blue trendline around $81,200. That remains the level I think Bitcoin can trade back towards if support continues to hold.
The reason I am still giving this trade room is because timing matters here. If Bitcoin can hold this range into the US open, then we could see fresh liquidity come into the market.
Pre-market conditions look fairly constructive, confidence appears to be returning, and there is no obvious sign of major sell pressure at the moment.
So while a sweep of the range lows is still possible, my base case remains that Bitcoin is trying to build support here before continuing the short-term uptrend.
For now, I am still holding, but the level is tight and the next move matters.