$BTC I just don’t get it. Price is down roughly 10% from the local top and current levels already offer a great buying opportunity. And yet people are still fixated on getting a 3-5% better entry. Instead of using this chance to build their position and scale further into it if price continues lower, they risk staying sidelined because they’re trying to snipe the exact local bottom. Personally, I would never take that kind of risk, considering that a year or two from now, when BTC is trading at a new ATH, nobody is going to care whether you bought at $80k or $75k.

$BTC Looks like there is some strong buying interest between $78k and $72k. On the upside, however, asks remain basically nonexistent. This is exactly the kind of combination you want to see. Buyers who are willing to step in on any dip while selling pressure is relatively weak in comparison. I still believe that overall, further upside is favored and that we will soon see the next leg up, whether there is another small pullback first or not.

$BTC Don’t get baited into a false breakout here. Price is currently grinding its way back up towards our key resistance level around $81k. However, with FOMC tomorrow, I wouldn’t expect a breakout just yet. Price often remains choppy ahead of major events like this and hunts liquidity on both sides while the larger move tends to happen afterwards. That’s why I could see BTC sweeping the local highs around $81k before rejecting from this area once again and targeting the unswept lows around $79k next.

$BTC Short squeeze incoming. Price is slowly grinding lower while spot has started accumulating again. Open interest, on the other hand, is building back up while futures CVD continues moving lower. This suggests that despite some decent spot demand, perps are currently pushing price lower. We saw a very similar pattern right before price pumped towards $85k last week and shorts ended up getting rekt. If spot demand stays intact, we could see something similar happen soon.

This is probably one of the most interesting charts right now. USDT.D is currently sitting at a key monthly support level, and considering that it tends to move inversely to $BTC, what happens here could be crucial for the upcoming months. If this support continues to hold and USDT.D bounces again, BTC could see a significantly deeper pullback than most people are currently expecting. We saw something similar during the previous cycle, where BTC broke out of its bottoming range before pulling back sharply to retest the previous ATH and only then continuing higher. A similar retest this time around would put BTC back near the $69k region. That’s a scenario I wouldn’t rule out as long as USDT.D continues to hold this support. If USDT.D loses this level instead, that would be an extremely bullish development for BTC and could set the stage for the parabolic phase everyone has been waiting for.

$BTC Things are not looking too bullish. BTC remains below a key resistance level with a few unswept lows still sitting below price. From here, I could see one more push towards $81k to sweep the local highs before reversing and targeting those lows next. As long as $81k remains resistance, I would favor this scenario and potentially even further downside afterwards. A reclaim of $81k would shift my short term outlook and open the door for a move towards $82k, followed by $82.9k-$83.5k if momentum continues.

$BTC Price is currently trading between two large liquidity clusters. The one on the downside sits right below the recent lows and will likely get taken out if buyers are unable to reclaim $81k soon. The one on the upside is noticeably larger and sits right around the $81k-$82k area. Considering that we often see an inverse move to Sunday’s price action, I would slightly favor a move into the upper cluster before potentially continuing lower.

$BTC After a sweep of the pwL buyers stepped in and pushed price back towards $81k. This area has acted as support throughout the past two weeks and is our key level to watch for now. If buyers are able to reclaim it a move towards $82.9k becomes possible. Should BTC on the other hand get rejected here we will likely continue lower and revisit the $77k-$78k region soon.

$BTC Looking at the weekly timeframe, the story becomes much clearer. Price first rejected the yearly open region around $87k, leaving behind a few unswept highs. Since then, price has sold off into the $80k region, where we have found support and seen multiple sweeps of the lows. For a move back towards those unswept highs, price now needs to reclaim our mid range S/R level at $82.9k-$83.5k. If, on the other hand, we lose our key support level, a deeper pullback towards the highly anticipated lows around $75k becomes possible.

I am officially swing long on $SOL My first entry has been triggered and I have additional bids placed at $93. See you at $250 ⏳

$BTC Shorts are getting aggressive again. Over the past two days, open interest has risen significantly while futures CVD has continued to grind lower. This suggests that fresh shorts have been building into the move. Just a few days ago, we saw the exact opposite. Longs got too aggressive, ended up getting squeezed and the entire move to the upside was retraced. If buyers now manage to defend $80k once again, I wouldn’t be surprised to see late shorts getting squeezed next.

$BTC My timeline is flooded with comments of people who are expecting lower prices. However, to me it’s pretty simple. $80k remains support until proven otherwise. You see for some reason people assume that support weakens the more often it gets tested. But if you take a look at both the bottoming range and the previous range we broke out from you’ll see that there were plenty of retests of the lows before price eventually expanded further to the upside. Ranges are designed to shake people out before the real move happens and to me it looks like this is exactly what’s happening right now. The plan remains the same. Stay patient and keep bidding any sweeps of the lows.

$BTC Looking at how liquidity is currently distributed, we can see that overall, continuation to the upside is still favored. However, with roughly $8B in long liquidations sitting between current price and $77k, another sweep of the lows first is still possible. If we get that sweep, I would strongly suggest bidding it, as it could be your best chance to buy before BTC trades back above $90k.

$BTC Price has swept the equal lows and bounced from this key LTF support level at $81.5k. If BTC can now break out of this bull flag, we might see a bullish continuation towards our local resistance at $82.9k or potentially even a retest of the monthly open at $83.6k. These are the two areas I’ll be watching for a possible rejection if we break higher.

$BTC Looks like we’re just going to stay range bound for the rest of the month. Due to the repeated liquidity hunts on both sides, the market now seems pretty dry on liquidity. With neither side finding any real acceptance outside the range, there isn’t much left to fuel a sustained move in either direction. That’s why I expect BTC to consolidate some more and build up fresh liquidity before possibly going for the next decisive move shortly after the monthly open.

$BTC Both sides continue to get rekt. Price first swept the liquidity above the previous high, then sold off, and now it looks like longs are next. Considering that there is still a massive cluster of long liquidations sitting directly below price, I wouldn’t be surprised to see another sweep of the lows before we get a bounce.

$BTC Longs got too aggressive and ended up getting squeezed. Although yesterday’s push was supported by strong spot demand, all it took was for that demand to briefly fade. Once spot started selling, leveraged longs got flushed, which triggered a sharp selloff.

$BTC Yesterday, we saw a strong push to the upside where price swept the highs around $84k. However, daily close came in back below those highs, confirming the failed breakout/liquidity grab. If we want to see further bullish continuation, the key area to hold is $83k-$82.5k. Price is currently trading below it, and if buyers can’t reclaim it before today’s daily close, we will likely revisit the lows soon. Considering that we’re still range bound and upside liquidity has now been swept, those lows are likely to become our next target.

$BTC Patience paid off. There were plenty of chances to buy the deviation, yet most people still missed the move. $87k soon…

$BTC I’m not interested in shorting here. Everybody seems to have the same POI around $83.7k-$84.3k. While this is definitely a valid level to short, the setup has become extremely obvious and a lot of traders seem to be waiting for the exact same rejection. I personally would much rather wait for a clean reclaim of $84k. If buyers manage to break through that area, a lot of those shorts could get trapped and provide additional fuel for a continuation higher. In that case, I’d look for continuation longs targeting the unswept highs around $87k.