Bitcoin SHORT Analysis

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Bitcoin SHORT Analysis


Our sell zone aligns with the Point of Control (POC) and an unfilled H1 Order Block (OB) & SIBI, which serves as our Point of Interests (POI).

This zone was established following a displacement and the formation of a CISD (Change in State of Delivery), indicating a potential shift in market structure.

Currently, there is a significant draw on liquidity on the sell side, with the previous day’s low (PDL) forming equal lows, suggesting a liquidity pool beneath this level.

I anticipate that price may sweep this liquidity before initiating a substantial move towards the buy-side liquidity.

Given that there have been no major liquidity sweeps thus far, I expect price to respect the H1 Order Block.

Should the appropriate confirmation signals appear, I plan to enter a short position targeting the PDL as the primary objective. 🎯

snapshot

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