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BTC /USDT
Based on market structure, the daily price remains in a downtrend, and the liquidity sweep has already been completed in our marked zone (97β98K).
π Now, focus on the above levels.
Iβm waiting for a potential pullback to look for short entries again.
Based on market structure, the daily price remains in a downtrend, and the liquidity sweep has already been completed in our marked zone (97β98K).
π Now, focus on the above levels.
Iβm waiting for a potential pullback to look for short entries again.
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Btc update
If price moves back up without sweeping the previous low(80600), the next good short opportunity is expected at above resistance levels (entry: 15-minute sweep + retest).
For now, Iβm waiting for another quality entry to capture the next downside move.
If price moves back up without sweeping the previous low(80600), the next good short opportunity is expected at above resistance levels (entry: 15-minute sweep + retest).
For now, Iβm waiting for another quality entry to capture the next downside move.
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A local bounce is very much possible from current levels. Iβll be looking for a counter- long if we see a Rejection wick around the 63- 62,500 area during todayβs US session. Letβs see how it plays out.
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BTC UPDATE
On the 4H timeframe, the market swept liquidity at the 68,600β68,200 resistance zone I had marked and then moved lower. After that sweep, there was a short opportunity, but I missed it due to sleepπ΄
Based on the current structure, the decline may slow down or reverse at one of these two support zones: 65,687β64,838 or 64,117β63,700.
As mentioned earlier, for the price to move toward the 72k or 80β84k higher-timeframe (HTF) areas before a major correction, it needs to hold one of these 4H support zones. If these levels fail, the price could drop below 61k before attempting the next HTF sweep.
On the 4H timeframe, the market swept liquidity at the 68,600β68,200 resistance zone I had marked and then moved lower. After that sweep, there was a short opportunity, but I missed it due to sleepπ΄
Based on the current structure, the decline may slow down or reverse at one of these two support zones: 65,687β64,838 or 64,117β63,700.
As mentioned earlier, for the price to move toward the 72k or 80β84k higher-timeframe (HTF) areas before a major correction, it needs to hold one of these 4H support zones. If these levels fail, the price could drop below 61k before attempting the next HTF sweep.
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