BTC / USD Key Liquidity LevelsBitcoin has spent nearly two months consolidating after its bullish expansion. Price continues to trade within a defined range, with buyers absorbing selling pressure while liquidity builds on both sides of the market.
The most important structural development is the daily bullish shift established at 65,044. Before that shift, Bitcoin swept downside liquidity twice, removing resting sell-side stops before rotating higher.
The primary levels on my chart are:
61,219 — downside liquidity
65,679 — first upside liquidity
67,385 — higher upside liquidity
I am not interested in predicting which level will be reached first.
Instead, I want to see one side of the range liquidated, followed by a decisive rejection back into the range and a clear shift in market structure. If that sequence develops, the opposite side of the range becomes the next logical liquidity objective.
This remains one of Bitcoin's most consistent liquidity behaviors.
Despite the recent decline, Bitcoin remains in a broader monthly consolidation. Another downside liquidity sweep is still possible before the market expands higher.
Previous consolidations displayed similar behavior. Daily and weekly structures shifted repeatedly while the monthly structure remained unchanged.
For that reason, daily breaks alone should not be treated as trend confirmation. In Bitcoin, they often represent liquidity events before the larger move begins.
I am waiting for one side of the range to be cleared. If price quickly rejects back into the range and confirms a structural shift, I will expect the market to rotate toward the opposing liquidity pool.
Until then, patience remains the highest-probability position.
I'll keep you posted. 
Short
Short
Short
Short
SPY Is Sliding Toward 740.44, Its Own Line In The Sand.SPY Is Sliding Toward 740.44, Its Own Line In The Sand.
SPY rejected 755.66 for a third time and has been sliding since, closing near 750 and softening in premarket toward 745, heading for the 740.44 shakeout-versus-turn line. The structure is split: the daily is still bull with a 232-bar bull print standing, but the hourly has flipped to bear and is extended to the downside. This is the same 740.44 flagged all week - the level that separates a healthy shakeout inside the uptrend from a real turn. This is the one name where a break carries an edge, so a decisive reaction at 740.44 in either direction is the event. Neutral.
Resistance: 748.00 - first level to reclaim
Key resistance: 751.00 - then the 755.66 ceiling
Current price: 745 (premarket)
Support: 740.44 - the shakeout-vs-turn line
Key support: 739.34 - the prior swept low
Structural floor: 736.50-736.87 - deeper support
Two paths from here:
740.44 holds and the daily bull reasserts. With a 232-bar bull print still standing, a bounce off 740.44 that reclaims 748 says the pullback was a shakeout inside the uptrend and the ceiling comes back into view. This is where a long lean would set up if it confirms.
740.44 breaks and the daily rolls over. A decisive loss of 740.44 would be the first real crack in the daily bull structure, opening 736 and below. That flips the leanable setup to the short side.
Three rejections at the ceiling have SPY testing the floor of its two-week range. 740.44 is the line: a bounce that reclaims 748 keeps the daily bull alive, a close below 740.44 is the first genuine break of it. Watching the reaction, not front-running it.
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Study, not financial advice. NVDA Is Back At 202.20 - The Line That Decides The Base.NVDA Is Back At 202.20 - The Line That Decides The Base.
The euphoria cap kept working. NVDA has fallen from the 213.81 high all the way back to 202.20 over three sessions, losing 207.59 and 204.82 on the way, and is now testing the base itself at 202.49. It swept a low right at the line. This is the level that has held the entire base - hold it and the structure is intact, lose it and the base fails. Short pressure is maxed on the higher timeframe and the daily is still in euphoria. Momentum is down, but price is sitting on the one level that matters. Neutral.
Resistance: 204.82 - first level to reclaim
Key resistance: 207.59 - the lost breakout level
Current price: 202.49
Support: 202.20 - the base, the make-or-break line
Key support: 199.89 - first shelf below the base
Structural floor: 197.13 - deeper support
Two paths from here:
The base holds 202.20 and the swept low bounces. Three days down into the exact base level with a low swept is a reversal setup. If 202.20 holds and NVDA reclaims 204.82, the drop was a shakeout and the base survives. The line does its job until it does not.
The base fails on a close. Maxed short pressure and euphoria unwinding can drive right through support. A close below 202.20 breaks the base that has held for weeks and opens 199.89, then 197. Below the base, the trend changes.
NVDA gave the entire run back and is now standing on 202.20. Everything hinges here - a hold and a reclaim of 204.82 says shakeout, a close below 202.20 says the base is gone.
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Study, not financial advice. BTC Lost The Shelf. The Pullback Became A Break.BTC Lost The Shelf. The Pullback Became A Break.
Yesterday the question was whether 63,625 would hold as a pullback into demand. Overnight it did not - BTC lost the shelf, swept a low to 62,588, and is trading 63,092. The 4H conviction that was holding the higher-timeframe bull case has rolled over to bottom-quartile bear, so the split that kept this two-sided has resolved down. This is a third straight day lower from the 65,559 high. Price is now just above the 62,459 range floor with a swept low beneath it - the level that decides range-hold versus a deeper leg. Neutral.
Resistance: 63,625.81 - the lost shelf, now overhead
Key resistance: 64,400.89 - the reclaim level
Current price: 63,092
Support: 62,459.75 - the range floor, the line that matters
Key support: 61,750.90 - the swept-low shelf
Structural floor: 60,556.17-60,423.01 - the deeper range floor
Two paths from here:
The swept low holds 62,459 and it bounces. Three days down into the floor with a low already swept is where reversals tend to start. If 62,459 holds and price reclaims 63,625, the slide was a shakeout and the range stands. Watch for the reclaim, not the wick.
The floor breaks and the range fails. Both timeframes have now rolled bearish and momentum is one-directional. A loss of 62,459 on a close opens 60,556 and turns the three-day pullback into a range breakdown. Below the floor there is air.
The pullback-into-demand read did not hold - BTC lost the shelf and the higher timeframe rolled with it. 62,459 is the whole game now: a low is already swept right above the floor, so the next move is either a shakeout bounce or the range giving way.
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Study, not financial advice. EURGBP Update: Remains Under Bearish Pressure Within An ImpulseEURGBP is moving nicely lower as anticipated back in May and June, continuing the expected decline after completing the previous corrective structure. The pair is now developing the final wave E, which can take some time to complete, as wave E is expected to unfold in a three-wave (A)(B)(C) structure.
Following the completion of the wave (B) bearish triangle pattern, EURGBP has started a strong decline within the projected wave (C) of E. The current downside structure suggests there is still room for further weakness, with the 0.8400–0.8300 area becoming an important potential target zone. This move could unfold through a lower-degree five-wave bearish impulse, completing the final stages of the larger corrective pattern.
On the 4H chart, EURGBP continues to extend lower as expected on July 1st, but currently it can be making a higher degree abc correction in wave 4, which could retrace the price back toward the ideal 38,2% Fibonacci retracement and 0.8545 resistance area before the next leg lower begins within wave 5.
As long as the broader bearish structure remains intact, any recovery should be viewed as corrective rather than a trend reversal.
XAUUSD — Key Entry Zones Around OB and FVG
Gold is trading around $3,998 after recovering slightly from the lower Buy zone OB around $3,980–$3,985. The short-term reaction shows that buyers are trying to defend this demand area, but the overall structure is still not fully bullish because price remains below the upper OB and FVG supply zones.
From an SMC perspective, gold recently created bearish BOS and continued to trade below the previous structure. The current bounce from the lower OB looks more like a reaction from liquidity rather than a confirmed bullish reversal. This means the buy zone can be used for short-term reaction, but the stronger decision areas are still above, especially around $4,038–$4,041 and the FVG zone near $4,051–$4,058.
The main plan is to wait for price to react clearly around the marked zones. Buying near the lower OB is only valid with confirmation, while selling near the upper OB or FVG remains the cleaner setup if sellers defend those areas.
Buy scalping setup
Condition:
Gold holds the Buy zone OB around $3,980–$3,985 and forms bullish rejection with lower timeframe MSS / CHOCH.
Entry: $3,980–$3,985
SL: below $3,970
TP1: $4,000
TP2: $4,020
TP3: $4,038–$4,041
Sell setup 1
Condition:
Gold recovers into the OB sell zone around $4,038–$4,041 and forms bearish rejection.
Entry: $4,038–$4,041
SL: above $4,058
TP1: $4,020
TP2: $4,000
TP3: $3,980–$3,985
Sell setup 2
Condition:
If gold pushes higher into the FVG zone around $4,051–$4,058 and fails to break above it, this can create a stronger sell setup.
Entry: $4,051–$4,058 after rejection
SL: above $4,075
TP1: $4,038–$4,041
TP2: $4,000
TP3: $3,980–$3,985
TP4: $3,960
Sell setup 3
Condition:
If gold breaks cleanly below the Buy zone OB and retests it as resistance, bearish continuation becomes active.
Entry: below $3,980 after breakdown retest
SL: above $4,000
TP1: $3,970
TP2: $3,960
TP3: $3,942
Key levels
Current price area: $3,998
Buy zone OB: $3,980–$3,985
Short-term reaction area: $4,000–$4,020
OB sell zone: $4,038–$4,041
FVG sell zone: $4,051–$4,058
Bearish continuation level: below $3,980
Lower target: $3,960
Major lower liquidity: $3,942
Bullish scalp confirmation: clean reaction above $3,985
Sell confirmation: bearish rejection from $4,038–$4,058
Bearish invalidation: clean 2H close above $4,075
My current view is that gold can react from the lower Buy zone OB, but the main structure is still fragile. The Prime Gold plan is to avoid entering in the middle and only look for trades around the marked zones: short-term buy from $3,980–$3,985 if confirmed, or sell from $4,038–$4,041 and $4,051–$4,058 if sellers reject strongly. If gold loses $3,980 cleanly, the bearish path toward $3,960 and $3,942 becomes active again.
No confirmation, no trade.
Long
EURUSD — Bullish Channel Retest Setup
Fundamental Analysis
EURUSD is still reacting to USD momentum and upcoming macro data. For now, the short-term structure remains positive while price continues to respect the rising channel.
Technical Analysis
On the 2H chart, EURUSD is trading around 1.1437 and holding inside a clear bullish channel. The key buy zone is around 1.1415 - 1.1420, where the 0.382 Fibonacci area, FVG support, and lower channel reaction align. If price holds this value zone, buyers may push EURUSD back toward 1.1487, then the resistance and Fibonacci target around 1.1519 - 1.1526.
Important Key Levels
Current price: 1.1437
Main buy zone: 1.1415 - 1.1420
Short-term support: 1.1403
Liquidity area: 1.1487
FVG resistance: 1.1490 - 1.1510
Main target: 1.1519 - 1.1526
Invalidation: below 1.1403
Trading Scenario
Main Buy Setup
Entry: 1.1415 - 1.1420
Stop Loss: 1.1403
Take Profit 1: 1.1487
Take Profit 2: 1.1510
Take Profit 3: 1.1519 - 1.1526
Buy Condition
Wait for EURUSD to retest the 1.1415 - 1.1420 buy zone and show bullish rejection. A clean hold above this area keeps the bullish channel valid. If price breaks above 1.1487, upside momentum may extend toward the Fibonacci resistance zone at 1.1519 - 1.1526. If price breaks and holds below 1.1403, the buy setup is invalid.
Overall View
EURUSD remains bullish while price stays inside the rising channel and holds above the 0.382 Fibonacci value zone. The preferred plan is to wait for confirmation around 1.1415 - 1.1420, then look for continuation toward 1.1487 and 1.1519 - 1.1526.
Do you share the same bullish view on EURUSD, or are you waiting for a cleaner retest of the buy zone first?
XAUUSD — Strong Support Tested, Recovery SetupFundamental Analysis
Gold remains sensitive to USD momentum, Treasury yields, and upcoming U.S. macro data. For now, short-term price action shows a possible technical recovery as buyers continue to defend the same support zone.
Technical Analysis
On the 1H chart, XAUUSD is trading around 3,995 after testing the strong support area near 3,960 - 3,970 multiple times. This repeated reaction shows that sellers are losing some pressure at the low. The first buy zone is around 3,983 - 3,987. If price holds this zone, gold may correct higher toward the liquidity level at 4,017, then the sell FVG area around 4,050 - 4,055. A stronger recovery may target the VL zone around 4,095 - 4,105.
Important Key Levels
Current price: 3,995
Strong support: 3,960 - 3,970
Main buy zone: 3,983 - 3,987
Liquidity level: 4,017
Sell FVG zone: 4,050 - 4,055
Main recovery target: 4,095 - 4,105
Invalidation: below 3,960
Trading Scenario
Main Buy Setup
Entry: 3,983 - 3,987
Stop Loss: 3,960
Take Profit 1: 4,017
Take Profit 2: 4,050 - 4,055
Take Profit 3: 4,095 - 4,105
Buy Condition
Wait for gold to hold the 3,983 - 3,987 buy zone and show bullish rejection. A clean reaction above this zone keeps the recovery setup valid. If price breaks above 4,017, the corrective move may extend toward 4,050 - 4,055. If price breaks and holds below 3,960, the buy setup is invalid.
Overall View
XAUUSD is still under broader downtrend pressure, but the repeated test of strong support suggests a possible short-term correction. The preferred plan is to wait for confirmation around 3,983 - 3,987, then look for recovery toward 4,017, 4,055, and 4,095 - 4,105.
Do you think gold can recover from this strong support zone, or will sellers break it on the next test?
Long 
The Elephant Jungle 7/17/26 Page 4So, What’s the Play Red?
Well, the 2H Order Block is looking like a solid area to look for a short, but only if the confirmations are there. As you already know, that 18H Order Block is the level I am really watching for a long play. That is where I think the Bulls have the best chance to step up and fight back.
That is my game plan for today. Now I want to hear yours. Do you think the Bulls are about to make a comeback, or are the Bears getting ready to take this market even lower? Drop your thoughts in the comments. I always enjoy hearing how everyone is reading the market.
And, like always, trade safe, use good risk management, stay patient, and wait for your levels and confirmations. The market is not paying the fastest trader, it is paying the most disciplined one.
Until next time.
