$BTC July Strength / History Repeating

Based on previous July's, Bitcoin should progress higher until Late July / early August.

Most traders flipped bearish at 60k, not the best strategy when the market is most fearful (for now).

I am still long from 58k.

$BTC LTF Double Top

Possible pullback / continuation lower.

Recommend waiting until after US Market Kill Zone to trade.

$BTC LTF Spot Volume Delta

Lower time frame SVD looks like it wants to flip perps (PVD).

This is typically a sign of strength, increasing the odds of further upside.

$BTC Whale Orders 🐳

Upside Potential is Greater!

$75 Million in Perp Limit orders (shorts) between now and 64.4k 🧲

Local Range High / Resistance is ~64k

$BTC Low Liquidity Clusters

There is still a large liquidity cluster above between 65 - 67K.

Up we go. ⬆️

$BTC Weekend Rally...

3 reasons not to short (just yet)

SMA Crossover ☑️
Spot Volume Increasing ☑️
Open Interest up alongside PA ☑️

Looking for a close above 64k today to confirm

$BTC 7-Day Liquidation Heatmap

It would be assumed 65k is swept next.

However, MM's have been really good about front running these levels. 🥕

Think we see 65k this weekend / today?

$BTC Order Books

Significant outliers in both directions.

Spot (above) 65k
Perps (below) 63.5k

Both of these ranges have significant LTF and HTF liquidity.

Hoping we see 63.5k first so we can load up on some longs (alts).

$BTC 48-Hour Liquidation Map

Two ranges to watch... 👀

64.9k above
62.7k below

$BTC LTF Head & Shoulders Pattern

H&S Pattern forming on lower time frames.

It's possible we see low to mid 63k range before next pivot higher.

HTF Support / confluence at ~63k

$BTC Low Liquidity Clusters

Just saw the first (of many) low leverage shorts used as MM exit liquidity.

Plenty left between now and 67k.

$BTC Bullish Trifecta (HTF)

67k - 72k is inevitable...

1. RSI Bullish Divergence
2. Falling Wedge
3. Cup and Handle

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$BTC 7-Day Liquidation Heatmap

Late (weekend) longs forming between 61k and 62k after US markets open red.

Heaviest still remains at 65k.

61k before 65k makes the most sense.

$BTC Pivot or Drop?

Sharp increase in open interest occurred after entering the low 62k range.

This tells us activity is high, therefore suggesting a potential pivot in this range.

However, spot volume is low so we might see a dead cat first.

Careful longing this first dip!

$BTC Whale Orders 🐳

Here's a look at the $5 million+ Long and Short Limit Orders between 60k and 80k

Much heavier down below 🧲

61.6k looks ripe for the taking 🎯

$BTC Order Books

Significant outliers below.

Spot (below) 61k
Perps (below) 61.7k

Both of these ranges have LTF and HTF liquidity.

I have limit orders set in these ranges, just incase.

Big data drops to watch this week 👀

Crazy week ahead for trading!!!

🗓 Tue 7/14 – CPI (3.8% YoY, down from 4.2%)
🗓 Wed 7/15 – PPI (0.0% MoM, down from 1.1%)
🗓 Thu 7/16 – Retail Sales
🗓 Fri 7/17 – Housing

All pointing to one question: Does the Fed cut, hold, or hike?

$BTC High Leverage Concentrations

Longs from Wednesdays Pivot low are heavy at 60.8k and 61.6k.

Paying close attention to this range 👀📉📈

$BTC Bullish Rectangle 🔥

Expecting either of the following to occur next...

1. Liquidation sweep of 64.5-65k
2. FVG Fill at 62.9k 📈

Upside potential is still greater considering the macro bullish rectangle pattern that we're seeing.