$BTC Strong start today

CPI came through below expectations.

Likely continuation towards 63k today after breaking descending trendline + double bottom.

$BTC Spot Volume Spike

When spot volume spikes up across multiple exchanges...

Usually a good sign of strength / continuation.

$BTC Long Liquidation Delta

LLD is dropping, yet remains positive.

This indicates longs are still protecting the 60-62k range, for now.

However, if LLD breaks even, it usually signals a shift in momentum.

Bitcoin is yet again on the edge of greatness, or disaster...

Bitcoin Breakout, or Fake out?

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$BTC 63k Next?

Crazy PA today...

Spikes to H&S 62.8k resistance
Dumps to 61k support
Pivots for a rally back to 62k+

Looks like Asia wants to sweep US highs at ~62.9k.

Might see a small pullback, LTFs are overextended.

But I would hold off on shorts for the moment, this push has some legs.

$BTC Liquidity is Building

3 Day liquidation is accumulating in both directions.

Albeit heavier to the upside.

Based on how strong 61k is responding to these pullbacks... I'd give 63k+ the slight advantage.

$BTC Order Books

FINALLY seeing an imbalance in OBs above!

Feels like we haven't seen this is weeks.

Aggregate Spot OB pressure above suggest there is actually interest in selling.

Upside potential is greater. 🧲

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$BTC Whale Wars🐋

Big shift since yesterday...

There is $188 Million in perp short limit orders between 63 and 64k. 🧲

Last time we saw this large of an accumulation it created a significant landslide.

This is highly concerning if you're heavy into shorts.

$BTC Bullish Macro Structure

Don't bite my head off TG bears...

But BTC is looking poised for a significant push higher if support at 60k holds.

Confluence:
Falling wedge
RSI Divergence
200SMA

Still a long ways away, but certainly worth note ATM.

$BTC Whale Wars🐋

HUGE selling pressure between 63 and 64k.

There is now $200 Million in perp short limit orders between 63 and 64k.

Will take A LOT of volume to chew through that.

I.e. - Might take a few retests of this range before we see a definitive break of 64k.

$BTC Topping Out?

Slightly higher odds we see a LTF pullback to hit London lows liquidation at ~62.4k.

Please note, the trend right now is up

1hr H&S pattern invalidated.

Make sure you trade carefully today, if 63-64k range is breached, we could see an explosive move higher.

$BTC 48 Hour Liquidation Map

There are 2 liquidation ranges to watch out for today.

Upside: 63.5k
Downside: 62.4k

$BTC Whale Games 🐳

HUGE 10m+ buy orders getting filled at 63k, yet it remains unbroken.

The Order Book Profile is heavy between 63 and 64k, this range is heavily guarded (for now).

$BTC Head and Shoulders Invalidation

Likely to see further upside after the H&S Pattern invalidated.

Here's a common playout after the right shoulder is broken.

Looking for a retest of descending trendline (right shoulder).

This suggests we see a bounce in the 62-62.5k range.

Bitcoin Shifting Gears
Trend Reversal Loading...

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$BTC Pump and Dump?

Significant pump after Today's Trump Tweet. 🙄

It's possible this push into 63k started a run towards 65k+.

We'll soon see if Asia decides to pump, or secure SIGNIFICANT profits into the 62k range first.

IMO - Down then up 📉📈📈

Careful shorting RN.

$BTC 7 Day Liquidation Heatmap

Super heavy above between 64-65k 🥕

Shorts looking scary RN.

$BTC Whale Games 🐳

The SAME exact whale has limit orders both above AND below.

Upside: 64.1-64.5k
Downside: 62.2 - 62.6k

Interesting strategy...

Which side do you think gets hit first?

$BTC Low Leverage Shorts At Risk

Remember, this market follows liquidity...

And there is a large chunk of it sitting in the 64-66k range.

Probably shorts from the 59-60k range.

What a shame 🧸