Trade Update — Relief Bounce Starting
The relief bounce is now starting to come through, which is exactly what we needed.
The positive is that we only took relatively small drawdown during that move lower, and I managed to average the entries down into a much better area — closer to the bottom of the range.
That gives the trade a much cleaner structure from here.
Now the important part is whether the rest of the thesis plays out.
If Bitcoin can hold this bounce and start reclaiming the key levels above, the position should recover quickly and move back into profit.
If it fails here, then the setup becomes much more uncomfortable.
So for now, this is good news — but it still needs confirmation.
We have improved the entry, reduced some pressure, and now we need the market to prove that support has formed.
The relief bounce is now starting to come through, which is exactly what we needed.
The positive is that we only took relatively small drawdown during that move lower, and I managed to average the entries down into a much better area — closer to the bottom of the range.
That gives the trade a much cleaner structure from here.
Now the important part is whether the rest of the thesis plays out.
If Bitcoin can hold this bounce and start reclaiming the key levels above, the position should recover quickly and move back into profit.
If it fails here, then the setup becomes much more uncomfortable.
So for now, this is good news — but it still needs confirmation.
We have improved the entry, reduced some pressure, and now we need the market to prove that support has formed.
Morning Bitcoin Open Interest Report
From a professional trader’s perspective, Bitcoin currently looks extremely flat.
Over the past five hours, open interest has stayed broadly the same, with only a small drop-off. That small decline is also reflected in the price action, which has been weak but not dramatic.
Volume is also starting to decline as we head into the weekend, which usually means one thing: the market is preparing to do absolutely nothing for a while.
Right now, the most likely scenario appears to be further consolidation between roughly $81,000 and $78,000 throughout the weekend.
There does not seem to be any obvious reason right now for a major spike in open interest. If that changes, I will update immediately. But for now, Bitcoin looks very flat, very boring, and like nothing meaningful is going to happen all weekend.
So be prepared to enjoy your weekend.
Reform UK just dominated the local elections, so I am sure there will be many nice men with no T-shirts, with dogs on chains, roaming the streets this weekend.
It will be fantastic.
From a professional trader’s perspective, Bitcoin currently looks extremely flat.
Over the past five hours, open interest has stayed broadly the same, with only a small drop-off. That small decline is also reflected in the price action, which has been weak but not dramatic.
Volume is also starting to decline as we head into the weekend, which usually means one thing: the market is preparing to do absolutely nothing for a while.
Right now, the most likely scenario appears to be further consolidation between roughly $81,000 and $78,000 throughout the weekend.
There does not seem to be any obvious reason right now for a major spike in open interest. If that changes, I will update immediately. But for now, Bitcoin looks very flat, very boring, and like nothing meaningful is going to happen all weekend.
So be prepared to enjoy your weekend.
Reform UK just dominated the local elections, so I am sure there will be many nice men with no T-shirts, with dogs on chains, roaming the streets this weekend.
It will be fantastic.
Ethereum Open Interest Report
Ethereum is showing almost the exact same story as Bitcoin.
This is the reason I am opening a short position at these levels. I will include two screenshots with this post: one showing the Ethereum open interest statistics, and one showing my current open short trade.
Ethereum open interest is currently stalling around the $13.45 billion region, with current open interest sitting closer to $13.3 billion.
At the same time, the ETH price has already risen significantly within the current range. Technically, Ethereum is forming what looks like a bull flag, and if it breaks out properly, the upside target could be around $2,362.
However, for that breakout to happen, Ethereum would likely need another strong jump in open interest.
The issue is that every recent open interest jump has been sold into. That tells me traders are adding leverage, but the market is not yet allowing that leverage to expand cleanly into a sustained breakout.
At some point, if Ethereum fails to break out of this range, the move will begin to tire. When that happens, downside pressure can build quickly, and the price may need to move lower before it can move higher again.
That is the logic behind this short position.
I am not shorting because Ethereum looks terrible long term. I am shorting because, in the short term, open interest is stalling, price has already moved up into the range, and the market looks vulnerable if buyers fail to force the next breakout.
Be aware of this.
I am trading this on WEEX. You can register here:
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As always, manage your own risk. This is my personal trade setup, not financial advice.
Ethereum is showing almost the exact same story as Bitcoin.
This is the reason I am opening a short position at these levels. I will include two screenshots with this post: one showing the Ethereum open interest statistics, and one showing my current open short trade.
Ethereum open interest is currently stalling around the $13.45 billion region, with current open interest sitting closer to $13.3 billion.
At the same time, the ETH price has already risen significantly within the current range. Technically, Ethereum is forming what looks like a bull flag, and if it breaks out properly, the upside target could be around $2,362.
However, for that breakout to happen, Ethereum would likely need another strong jump in open interest.
The issue is that every recent open interest jump has been sold into. That tells me traders are adding leverage, but the market is not yet allowing that leverage to expand cleanly into a sustained breakout.
At some point, if Ethereum fails to break out of this range, the move will begin to tire. When that happens, downside pressure can build quickly, and the price may need to move lower before it can move higher again.
That is the logic behind this short position.
I am not shorting because Ethereum looks terrible long term. I am shorting because, in the short term, open interest is stalling, price has already moved up into the range, and the market looks vulnerable if buyers fail to force the next breakout.
Be aware of this.
I am trading this on WEEX. You can register here:
https://www.weex.com/register?vipCode=dqqj
AUTOMATIC VIP FEE TIER + DEPOSIT BONUS
As always, manage your own risk. This is my personal trade setup, not financial advice.
Bitcoin Wyckoff Accumulation Update
This here is the current Bitcoin Wyckoff accumulation structure.
Right now, Bitcoin looks like it is sitting very close to a decisive point in the pattern. We recently failed to break cleanly towards the $85,000 region, and that failure is important. We may still get one more attempt at that level soon, and if Bitcoin can reclaim momentum and push into $85,000 and beyond, the market becomes bullish again very quickly.
However, the longer Bitcoin fails to make that move, the greater the risk of a breakdown becomes.
From a technical perspective, the structure is starting to look vulnerable. If this Wyckoff pattern continues to play out, there is a real possibility that Bitcoin breaks lower over the next couple of weeks. The first major downside target would be around the $60,000 region, followed by a period of sideways consolidation. After that, if weakness continues, Bitcoin could eventually break further down into the $50,000s.
The important thing to understand is that this is a multi-year Wyckoff structure. We do not yet know exactly where the final lows of the range sit, but if the pattern remains valid, we are getting closer and closer to those lower-range targets over time.
That said, I am not writing off the upside.
Bitcoin may still get a strong summer rally. Sentiment can change quickly. When the sun comes out, people feel better, risk appetite improves, and that can sometimes translate into a more positive and bullish market environment. We also have the US midterms coming up later in the year, which could bring more political turbulence and market volatility towards the back end of the year.
So the market is at a very interesting point.
There is still a credible path towards $85,000 and beyond, especially if Bitcoin can break resistance soon. But if it fails to do that, the current technical structure suggests that a breakdown becomes increasingly likely.
Be very aware of this.
Also, make sure you watch the altcoin video I posted on YouTube two days ago. Everything I said in that video has played out exactly as expected so far.
This here is the current Bitcoin Wyckoff accumulation structure.
Right now, Bitcoin looks like it is sitting very close to a decisive point in the pattern. We recently failed to break cleanly towards the $85,000 region, and that failure is important. We may still get one more attempt at that level soon, and if Bitcoin can reclaim momentum and push into $85,000 and beyond, the market becomes bullish again very quickly.
However, the longer Bitcoin fails to make that move, the greater the risk of a breakdown becomes.
From a technical perspective, the structure is starting to look vulnerable. If this Wyckoff pattern continues to play out, there is a real possibility that Bitcoin breaks lower over the next couple of weeks. The first major downside target would be around the $60,000 region, followed by a period of sideways consolidation. After that, if weakness continues, Bitcoin could eventually break further down into the $50,000s.
The important thing to understand is that this is a multi-year Wyckoff structure. We do not yet know exactly where the final lows of the range sit, but if the pattern remains valid, we are getting closer and closer to those lower-range targets over time.
That said, I am not writing off the upside.
Bitcoin may still get a strong summer rally. Sentiment can change quickly. When the sun comes out, people feel better, risk appetite improves, and that can sometimes translate into a more positive and bullish market environment. We also have the US midterms coming up later in the year, which could bring more political turbulence and market volatility towards the back end of the year.
So the market is at a very interesting point.
There is still a credible path towards $85,000 and beyond, especially if Bitcoin can break resistance soon. But if it fails to do that, the current technical structure suggests that a breakdown becomes increasingly likely.
Be very aware of this.
Also, make sure you watch the altcoin video I posted on YouTube two days ago. Everything I said in that video has played out exactly as expected so far.
❤1
Bitcoin Liquidation Heatmap — One-Month Timeframe
This is the Bitcoin liquidation heatmap on the one-month timeframe, and right now the market is sitting in complete no man’s land.
From the current region around $80,000, there is no major liquidation cluster directly above price. Most of the nearby liquidity has already been taken out, which means Bitcoin is now trading in a fairly thin zone.
The next meaningful liquidity range begins around $83,200.
That makes the next move extremely important.
If Bitcoin can push towards $82,500–$82,700, that likely becomes the upside tipping point. Above that region, the market could start moving much faster, with a realistic chance of pushing towards the $90,000 area as it begins chasing the next major liquidity zones.
However, the downside level is just as important.
The key downside tipping point is around $78,900.
If Bitcoin loses that level, the probability of a much deeper move increases significantly. At that point, the market could begin moving quickly towards the larger liquidation range around $62,000, which would also line up with the broader Wyckoff formation I posted about earlier.
That is why this current range matters so much.
Bitcoin is not currently sitting in a heavy liquidation zone. It is sitting between zones. That means whichever side breaks first could trigger a much faster move than people expect.
Upside trigger: around $82,500–$82,700
Next liquidity zone: around $83,200+
Possible upside extension: towards $90,000
Downside trigger: around $78,900
Major downside liquidity: around $62,000
Make sure you look at the Wyckoff formation post I made earlier. If that structure starts to play out properly, Bitcoin could unwind much faster than most traders are currently prepared for.
For now, there is no obvious major news catalyst suggesting that Bitcoin must break down immediately.
But remember, the broader risk environment has not disappeared. We still have geopolitical instability, Iran and Israel tensions, political uncertainty, Epstein-related headlines, war risk, and general global volatility still sitting in the background.
Nothing has actually stopped.
So while the upside case remains alive above $82,700, the downside risk below $78,900 must be respected.
Bitcoin is in no man’s land right now — and the next clean break likely decides the direction.
This is the Bitcoin liquidation heatmap on the one-month timeframe, and right now the market is sitting in complete no man’s land.
From the current region around $80,000, there is no major liquidation cluster directly above price. Most of the nearby liquidity has already been taken out, which means Bitcoin is now trading in a fairly thin zone.
The next meaningful liquidity range begins around $83,200.
That makes the next move extremely important.
If Bitcoin can push towards $82,500–$82,700, that likely becomes the upside tipping point. Above that region, the market could start moving much faster, with a realistic chance of pushing towards the $90,000 area as it begins chasing the next major liquidity zones.
However, the downside level is just as important.
The key downside tipping point is around $78,900.
If Bitcoin loses that level, the probability of a much deeper move increases significantly. At that point, the market could begin moving quickly towards the larger liquidation range around $62,000, which would also line up with the broader Wyckoff formation I posted about earlier.
That is why this current range matters so much.
Bitcoin is not currently sitting in a heavy liquidation zone. It is sitting between zones. That means whichever side breaks first could trigger a much faster move than people expect.
Upside trigger: around $82,500–$82,700
Next liquidity zone: around $83,200+
Possible upside extension: towards $90,000
Downside trigger: around $78,900
Major downside liquidity: around $62,000
Make sure you look at the Wyckoff formation post I made earlier. If that structure starts to play out properly, Bitcoin could unwind much faster than most traders are currently prepared for.
For now, there is no obvious major news catalyst suggesting that Bitcoin must break down immediately.
But remember, the broader risk environment has not disappeared. We still have geopolitical instability, Iran and Israel tensions, political uncertainty, Epstein-related headlines, war risk, and general global volatility still sitting in the background.
Nothing has actually stopped.
So while the upside case remains alive above $82,700, the downside risk below $78,900 must be respected.
Bitcoin is in no man’s land right now — and the next clean break likely decides the direction.
👍1
Solana Liquidation Heatmap Update
The price action on Solana over the past 24 hours has been very impressive, with SOL ripping back into the $94 range.
This is a meaningful move, especially because Solana has been aggressively sold off against Bitcoin over the past few months. Relative to BTC, SOL has lost a significant amount of value, and at these levels it does look like the market may have overcorrected.
In my view, when you compare Solana’s current position against Bitcoin, SOL looks like it should be trading closer to the $120 region, not still sitting in the $90s.
This ties directly into what I discussed in my video the other day: altcoins may now be starting to outperform while Bitcoin consolidates.
That is the key point here.
If Bitcoin continues doing very little while major altcoins start recovering, that could be an early sign that the market is beginning to work its way out of this broader bearish structure. It would also increase the chance that the Bitcoin Wyckoff downside scenario eventually gets invalidated.
However, we are not there yet.
For now, the Wyckoff structure remains valid, and downside risk across the market still needs to be respected.
On the Solana one-month liquidation heatmap, there is still a large liquidity cluster sitting around the $80 level. That means even though SOL is showing strength, there is still a clear downside liquidity target below the current price.
So the situation is balanced.
Solana is showing strength, altcoins look deeply oversold, and the recovery case is becoming more credible. But the $80 liquidity zone remains a major risk, and if market sentiment flips, SOL could still move back down quickly to attack that level.
That is why I am not rushing into any emotional decision here.
I am currently unsure whether to sell my spot Solana at these levels, but for now I am not taking action. The bounce has been strong, but price is still not high enough in the bigger picture to justify panic-selling spot exposure.
This is a market where patience matters.
Solana may continue recovering if altcoin momentum builds, but the liquidation heatmap still shows a clear downside risk. So I am staying cautious, watching the $80 liquidity zone, and waiting for the market to prove whether this is a real altcoin recovery or just another relief bounce.
The price action on Solana over the past 24 hours has been very impressive, with SOL ripping back into the $94 range.
This is a meaningful move, especially because Solana has been aggressively sold off against Bitcoin over the past few months. Relative to BTC, SOL has lost a significant amount of value, and at these levels it does look like the market may have overcorrected.
In my view, when you compare Solana’s current position against Bitcoin, SOL looks like it should be trading closer to the $120 region, not still sitting in the $90s.
This ties directly into what I discussed in my video the other day: altcoins may now be starting to outperform while Bitcoin consolidates.
That is the key point here.
If Bitcoin continues doing very little while major altcoins start recovering, that could be an early sign that the market is beginning to work its way out of this broader bearish structure. It would also increase the chance that the Bitcoin Wyckoff downside scenario eventually gets invalidated.
However, we are not there yet.
For now, the Wyckoff structure remains valid, and downside risk across the market still needs to be respected.
On the Solana one-month liquidation heatmap, there is still a large liquidity cluster sitting around the $80 level. That means even though SOL is showing strength, there is still a clear downside liquidity target below the current price.
So the situation is balanced.
Solana is showing strength, altcoins look deeply oversold, and the recovery case is becoming more credible. But the $80 liquidity zone remains a major risk, and if market sentiment flips, SOL could still move back down quickly to attack that level.
That is why I am not rushing into any emotional decision here.
I am currently unsure whether to sell my spot Solana at these levels, but for now I am not taking action. The bounce has been strong, but price is still not high enough in the bigger picture to justify panic-selling spot exposure.
This is a market where patience matters.
Solana may continue recovering if altcoin momentum builds, but the liquidation heatmap still shows a clear downside risk. So I am staying cautious, watching the $80 liquidity zone, and waiting for the market to prove whether this is a real altcoin recovery or just another relief bounce.
NEW VIDEO LIVE!!!!!
BITCOIN HOLDERS NEED TO WATCH THIS: Gordon Brown Is BACK
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https://youtu.be/iGZvLsDOl7M
BITCOIN HOLDERS NEED TO WATCH THIS: Gordon Brown Is BACK
Watch Now 👇
https://youtu.be/iGZvLsDOl7M
YouTube
BITCOIN HOLDERS NEED TO WATCH THIS: Gordon Brown Is BACK
Gordon Brown | Reform UK | Crypto UK | Bitcoin UK | Gold Reserves | Kier Starmer
Keir Starmer has officially brought Gordon Brown back into UK politics as a special envoy on global finance… and for Bitcoin investors this could be a massive macro signal.…
Keir Starmer has officially brought Gordon Brown back into UK politics as a special envoy on global finance… and for Bitcoin investors this could be a massive macro signal.…
👍2
IM LIVE RIGHT NOW ON THIS STREAM!!
Doing a collab!
https://www.youtube.com/live/O7EchujWFVY?si=hGjKLtjRTgod6stR
Doing a collab!
https://www.youtube.com/live/O7EchujWFVY?si=hGjKLtjRTgod6stR
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BITCOIN WARNING: UK CHAOS BEGINS
BITCOIN LIVE | BITCOIN PRICE | BITCOIN NEWS | CRYPTO NEWS | BTC TRADING
Bitcoin has been lagging behind while the stock market pushes into record highs, but that could be about to change.
In today’s livestream, we are looking at whether bitcoin is finally…
Bitcoin has been lagging behind while the stock market pushes into record highs, but that could be about to change.
In today’s livestream, we are looking at whether bitcoin is finally…
Ethereum Open Interest Update
This morning, Ethereum open interest has seen a significant drop, falling from around $13.4 billion down to approximately $12.7 billion.
That is a decline of roughly 5.2% in open interest, which is a meaningful reduction in market positioning.
What is interesting here is that the Ethereum price has only dropped around 2% during that same period.
Normally, when you see open interest fall this sharply, you would expect the move to be more clearly reflected in price. The fact that open interest has dropped by over 5%, while price has only moved down around 2%, suggests that a meaningful amount of leverage has been flushed out without the market fully breaking down yet.
However, this is still something to be cautious about.
If open interest continues to fall into Monday, it could be an early sign that capital is starting to leave the market again. That would make the current structure look less bullish and could increase the probability of further downside if buyers fail to step back in.
For now, the key takeaway is simple:
Ethereum open interest is falling faster than price.
That usually means leverage is being removed from the market, and when that happens, momentum can start to weaken.
In the next post, I will cover the same situation currently developing on Bitcoin.
This morning, Ethereum open interest has seen a significant drop, falling from around $13.4 billion down to approximately $12.7 billion.
That is a decline of roughly 5.2% in open interest, which is a meaningful reduction in market positioning.
What is interesting here is that the Ethereum price has only dropped around 2% during that same period.
Normally, when you see open interest fall this sharply, you would expect the move to be more clearly reflected in price. The fact that open interest has dropped by over 5%, while price has only moved down around 2%, suggests that a meaningful amount of leverage has been flushed out without the market fully breaking down yet.
However, this is still something to be cautious about.
If open interest continues to fall into Monday, it could be an early sign that capital is starting to leave the market again. That would make the current structure look less bullish and could increase the probability of further downside if buyers fail to step back in.
For now, the key takeaway is simple:
Ethereum open interest is falling faster than price.
That usually means leverage is being removed from the market, and when that happens, momentum can start to weaken.
In the next post, I will cover the same situation currently developing on Bitcoin.
Bitcoin Open Interest Update
This morning, Bitcoin is showing the same warning sign that we are seeing on Ethereum.
Bitcoin price has fallen from around $82,500 down to approximately $80,808, which is a decline of roughly 2.05%.
At the same time, Bitcoin open interest has fallen from around $26.23 billion down to approximately $25.61 billion, which is a drop of roughly 2.36%.
That means open interest is falling slightly harder than price.
On its own, that suggests leverage is being removed from the market faster than Bitcoin itself is moving down. This is not necessarily a full breakdown yet, but it does show that confidence is easing.
The bigger picture is also worth paying attention to.
Bitcoin open interest recently peaked around $28 billion, and it is now sitting closer to $25.61 billion. That is a decline of roughly 8.5% from the recent open interest high.
If you round that current figure down to $25 billion, the drop from $28 billion is closer to 10.7%.
Either way, the message is the same:
Bitcoin open interest is falling, leverage is being removed, and market confidence appears to be weakening at the start of the week.
Based on this information alone, the market does not look particularly bullish this morning. It looks more bearish than bullish.
Next, I will be checking the Bitcoin liquidation heatmaps to see whether the liquidity structure confirms this weakness or if there is still a reason to expect another upside move.
This morning, Bitcoin is showing the same warning sign that we are seeing on Ethereum.
Bitcoin price has fallen from around $82,500 down to approximately $80,808, which is a decline of roughly 2.05%.
At the same time, Bitcoin open interest has fallen from around $26.23 billion down to approximately $25.61 billion, which is a drop of roughly 2.36%.
That means open interest is falling slightly harder than price.
On its own, that suggests leverage is being removed from the market faster than Bitcoin itself is moving down. This is not necessarily a full breakdown yet, but it does show that confidence is easing.
The bigger picture is also worth paying attention to.
Bitcoin open interest recently peaked around $28 billion, and it is now sitting closer to $25.61 billion. That is a decline of roughly 8.5% from the recent open interest high.
If you round that current figure down to $25 billion, the drop from $28 billion is closer to 10.7%.
Either way, the message is the same:
Bitcoin open interest is falling, leverage is being removed, and market confidence appears to be weakening at the start of the week.
Based on this information alone, the market does not look particularly bullish this morning. It looks more bearish than bullish.
Next, I will be checking the Bitcoin liquidation heatmaps to see whether the liquidity structure confirms this weakness or if there is still a reason to expect another upside move.
Bitcoin Liquidation Heatmap Update
Starting with the one-year Bitcoin liquidation heatmap, the first thing that stands out is the large liquidity range sitting much lower, around the $60,000 region.
That remains the major downside liquidity zone on the higher timeframe.
However, directly below the current Bitcoin price, there does not appear to be a major liquidation build-up yet. That is important, because it means the downside is not currently showing the same kind of immediate liquidity magnet that would normally suggest a fast move lower is guaranteed.
Above price, liquidity still looks relatively stacked. There appears to be a deeper range of liquidity sitting overhead, which means the market may still have a reason to move back up and attack those levels.
At this stage, the one-year heatmap does not allow us to draw a definitive conclusion. The main takeaway is simply this:
There is major liquidity much lower around $60,000, but there has not yet been a significant liquidation build-up directly below the current Bitcoin price.
When we compare this with the actual Bitcoin price chart and look at the VRVP, the structure starts to make more sense.
The VRVP also suggests that there is not a huge amount of volume or liquidity sitting just below the current price. But interestingly, there may be even less liquidity sitting directly above it.
That means despite the recent drop in open interest, Bitcoin may still have an upside magnet in the short term.
So the market is slightly mixed here.
Open interest is falling, which shows confidence is weakening. But the liquidation heatmap and VRVP do not yet show a clear, immediate reason for Bitcoin to collapse from here.
For now, the structure suggests that Bitcoin could still be pulled back towards the upside liquidity before any larger downside move develops.
Starting with the one-year Bitcoin liquidation heatmap, the first thing that stands out is the large liquidity range sitting much lower, around the $60,000 region.
That remains the major downside liquidity zone on the higher timeframe.
However, directly below the current Bitcoin price, there does not appear to be a major liquidation build-up yet. That is important, because it means the downside is not currently showing the same kind of immediate liquidity magnet that would normally suggest a fast move lower is guaranteed.
Above price, liquidity still looks relatively stacked. There appears to be a deeper range of liquidity sitting overhead, which means the market may still have a reason to move back up and attack those levels.
At this stage, the one-year heatmap does not allow us to draw a definitive conclusion. The main takeaway is simply this:
There is major liquidity much lower around $60,000, but there has not yet been a significant liquidation build-up directly below the current Bitcoin price.
When we compare this with the actual Bitcoin price chart and look at the VRVP, the structure starts to make more sense.
The VRVP also suggests that there is not a huge amount of volume or liquidity sitting just below the current price. But interestingly, there may be even less liquidity sitting directly above it.
That means despite the recent drop in open interest, Bitcoin may still have an upside magnet in the short term.
So the market is slightly mixed here.
Open interest is falling, which shows confidence is weakening. But the liquidation heatmap and VRVP do not yet show a clear, immediate reason for Bitcoin to collapse from here.
For now, the structure suggests that Bitcoin could still be pulled back towards the upside liquidity before any larger downside move develops.
Bitcoin One-Month Liquidation Heatmap Update
The one-month Bitcoin liquidation heatmap is showing Bitcoin in complete no-man’s land.
From roughly $83,000 down to $79,000, there is very little meaningful liquidation density. The major liquidity sits outside this range, both above and below price.
That means the heatmap is not giving a clean bullish or bearish signal right now.
Bitcoin is simply trading in the middle of a thin liquidity zone.
Until price breaks clearly above $83,000 or below $79,000, this remains a very neutral area.
The next real move likely comes once Bitcoin leaves this range and starts moving towards one of the larger liquidity pockets on either side.
The one-month Bitcoin liquidation heatmap is showing Bitcoin in complete no-man’s land.
From roughly $83,000 down to $79,000, there is very little meaningful liquidation density. The major liquidity sits outside this range, both above and below price.
That means the heatmap is not giving a clean bullish or bearish signal right now.
Bitcoin is simply trading in the middle of a thin liquidity zone.
Until price breaks clearly above $83,000 or below $79,000, this remains a very neutral area.
The next real move likely comes once Bitcoin leaves this range and starts moving towards one of the larger liquidity pockets on either side.
Bitcoin One-Week Liquidation Heatmap Update
The one-week Bitcoin liquidation heatmap confirms the same structure in more detail.
The key range is clear:
Breakout level: $83,000
Breakdown level: $79,000
Bitcoin is currently trading between these two levels, and whichever side breaks first is likely to decide the next major move.
If Bitcoin breaks above $83,000, the trade becomes upside continuation.
If Bitcoin breaks below $79,000, the trade becomes downside continuation.
This is not the area to overcomplicate things. The market is compressed, liquidity is sitting outside the range, and a larger move is likely coming soon.
Have your wits about you here.
The clean trade is to wait for confirmation, then trade the breakout or breakdown accordingly.
A major move is building, and I would not be surprised to see Bitcoin move 20% once this range finally breaks.
The one-week Bitcoin liquidation heatmap confirms the same structure in more detail.
The key range is clear:
Breakout level: $83,000
Breakdown level: $79,000
Bitcoin is currently trading between these two levels, and whichever side breaks first is likely to decide the next major move.
If Bitcoin breaks above $83,000, the trade becomes upside continuation.
If Bitcoin breaks below $79,000, the trade becomes downside continuation.
This is not the area to overcomplicate things. The market is compressed, liquidity is sitting outside the range, and a larger move is likely coming soon.
Have your wits about you here.
The clean trade is to wait for confirmation, then trade the breakout or breakdown accordingly.
A major move is building, and I would not be surprised to see Bitcoin move 20% once this range finally breaks.
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Its nearly time to go back to full degen TMG making $10m a trade, LFG.
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👍1
Bitcoin Price Structure Update
This is where things start to get very interesting.
We are now looking at the current Bitcoin price structure, and next I will compare this against other crypto charts and stock market charts.
If Bitcoin were to repeat the same move down that we saw from the previous bear flag breakdown, the measured move would be extremely aggressive. In theory, that would suggest downside towards at least $47,000, and potentially even as low as $30,000.
Realistically, something very severe would probably need to happen for that scenario to fully play out, so I am not treating that as my base case right now.
What is much more realistic is that Bitcoin is now very close to the next major liquidity range, sitting around $87,000.
A move into that area followed by rejection would make a lot of sense technically, and could send Bitcoin back down towards the $60,000 range.
On the VRVP, we can see three major liquidity and volume ranges:
* $112,000 — the upper peak range
* $90,000 — a major overhead range
* $60,000–$70,000 — the major lower range
Bitcoin is currently trading between these zones, and I do not expect it to remain here for much longer.
This also lines up with the Bitcoin liquidation heatmap.
A clean break into either major liquidity range is likely to continue pushing price in that direction. If Bitcoin breaks higher, it can be pulled towards the upper liquidity. If Bitcoin breaks lower, the downside liquidity becomes the target.
That means we are getting very close to a high-quality trade setup.
The key is not to guess the move early.
The key is to prepare now, wait for confirmation, and then trade the break in whichever direction the market chooses.
This week could be very important.
This is where things start to get very interesting.
We are now looking at the current Bitcoin price structure, and next I will compare this against other crypto charts and stock market charts.
If Bitcoin were to repeat the same move down that we saw from the previous bear flag breakdown, the measured move would be extremely aggressive. In theory, that would suggest downside towards at least $47,000, and potentially even as low as $30,000.
Realistically, something very severe would probably need to happen for that scenario to fully play out, so I am not treating that as my base case right now.
What is much more realistic is that Bitcoin is now very close to the next major liquidity range, sitting around $87,000.
A move into that area followed by rejection would make a lot of sense technically, and could send Bitcoin back down towards the $60,000 range.
On the VRVP, we can see three major liquidity and volume ranges:
* $112,000 — the upper peak range
* $90,000 — a major overhead range
* $60,000–$70,000 — the major lower range
Bitcoin is currently trading between these zones, and I do not expect it to remain here for much longer.
This also lines up with the Bitcoin liquidation heatmap.
A clean break into either major liquidity range is likely to continue pushing price in that direction. If Bitcoin breaks higher, it can be pulled towards the upper liquidity. If Bitcoin breaks lower, the downside liquidity becomes the target.
That means we are getting very close to a high-quality trade setup.
The key is not to guess the move early.
The key is to prepare now, wait for confirmation, and then trade the break in whichever direction the market chooses.
This week could be very important.