BTC has been chopping inside this range for quite some time now, exactly as mentioned in my previous updates. The market continues to sweep liquidity on both sides, making it a difficult environment for traders chasing every move.
🔴 Short Plan
As price is currently trading near the range highs, I’m leaning bearish in the short term.
I’ll be looking for a liquidity sweep above the previous highs around $65.4K, followed by rejection. The $66K–$67K region remains my key resistance, so a quick wick into that zone to grab liquidity before reversing would be my ideal short setup. I’ll be scaling into shorts if that scenario plays out.
Invalidation: If BTC shows strong momentum, accepts above $66K, and holds above it on the higher timeframes, I’ll abandon the short idea and flip bullish.
🟢 Long Plan
For longs, my first area of interest is $60.5K–$61.5K, where I’ll be looking for a reclaim and confirmation before entering.
The $58K–$59K region remains the strongest support and my highest-conviction swing long zone if price extends lower.
There’s also significant liquidity building in the low $60Ks, making that area a likely destination if BTC rejects from current levels. A successful reclaim from there would offer a high-conviction swing long opportunity, with the $70K region remaining the primary upside target.
Invalidation: A higher timeframe close below $58K would invalidate the long setup and shift my outlook bearish until BTC reclaims key support.
As always, let price come to your levels instead of chasing candles. Patience is the edge. 💯
🔴 Short Plan
As price is currently trading near the range highs, I’m leaning bearish in the short term.
I’ll be looking for a liquidity sweep above the previous highs around $65.4K, followed by rejection. The $66K–$67K region remains my key resistance, so a quick wick into that zone to grab liquidity before reversing would be my ideal short setup. I’ll be scaling into shorts if that scenario plays out.
Invalidation: If BTC shows strong momentum, accepts above $66K, and holds above it on the higher timeframes, I’ll abandon the short idea and flip bullish.
🟢 Long Plan
For longs, my first area of interest is $60.5K–$61.5K, where I’ll be looking for a reclaim and confirmation before entering.
The $58K–$59K region remains the strongest support and my highest-conviction swing long zone if price extends lower.
There’s also significant liquidity building in the low $60Ks, making that area a likely destination if BTC rejects from current levels. A successful reclaim from there would offer a high-conviction swing long opportunity, with the $70K region remaining the primary upside target.
Invalidation: A higher timeframe close below $58K would invalidate the long setup and shift my outlook bearish until BTC reclaims key support.
As always, let price come to your levels instead of chasing candles. Patience is the edge. 💯
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.