IMPORTANT BTC UPDATE 🚨
Alright, let’s talk about what’s going on with Bitcoin right now.
On the daily timeframe, BTC is extremely oversold. We don’t see this very often — maybe a couple of times over the last 1–2 years — and when it does happen, it’s usually somewhere around a local low.
Now, before anyone jumps to conclusions:
this does NOT mean the bottom is in.
We’ve actually gone lower after hitting oversold levels before. So no, this isn’t a “load the boat” signal.
What it does mean, though, is that in the short term, the bears are likely to need a breather.
Short-Term Expectations
When the daily RSI gets this stretched, price usually doesn’t just keep free-falling without pause. More often than not, we see:
A bit of relief
A bounce
Or some kind of sideways consolidation
Something that lets the market reset that oversold condition. That kind of pause could easily play out over the next few days to a couple of weeks.
But zooming out for a second the bigger picture still isn’t looking great. This kind of relief doesn’t automatically flip the trend bullish. It can just as easily set us up for another push lower later on.
Resistance If We Bounce
If we do see price lift, there are a few levels where I’d expect things to get heavy again:
Around 81,000 – 81,800
Then 84,000
And especially 86,000, which is a major resistance zone
If price makes it into these areas, I’d be cautious. These levels are far more likely to act as sell zones than confirmation of a full reversal.
The Bigger Problem: Liquidity Below
Here’s the part I really don’t want to ignore.
For the last few days, there’s been a large amount of liquidity building below current price, sitting roughly around 72,000 to 72,600 (around 72.5K).
This area is acting like a magnet.
Markets love liquidity, and until that zone gets tapped, it’s hard to argue that downside risk is gone. Even if we get a bounce first, that liquidity below is still there — and it matters.
So what’s the Play?
In short:
A short-term relief move is very possible
The larger trend is still bearish
72K liquidity remains a key downside area to keep in mind
This is one of those moments where patience really pays. Let the market breathe, see how it reacts at resistance, and don’t forget where the liquidity is sitting.
That’s where the real story is.
Alright, let’s talk about what’s going on with Bitcoin right now.
On the daily timeframe, BTC is extremely oversold. We don’t see this very often — maybe a couple of times over the last 1–2 years — and when it does happen, it’s usually somewhere around a local low.
Now, before anyone jumps to conclusions:
this does NOT mean the bottom is in.
We’ve actually gone lower after hitting oversold levels before. So no, this isn’t a “load the boat” signal.
What it does mean, though, is that in the short term, the bears are likely to need a breather.
Short-Term Expectations
When the daily RSI gets this stretched, price usually doesn’t just keep free-falling without pause. More often than not, we see:
A bit of relief
A bounce
Or some kind of sideways consolidation
Something that lets the market reset that oversold condition. That kind of pause could easily play out over the next few days to a couple of weeks.
But zooming out for a second the bigger picture still isn’t looking great. This kind of relief doesn’t automatically flip the trend bullish. It can just as easily set us up for another push lower later on.
Resistance If We Bounce
If we do see price lift, there are a few levels where I’d expect things to get heavy again:
Around 81,000 – 81,800
Then 84,000
And especially 86,000, which is a major resistance zone
If price makes it into these areas, I’d be cautious. These levels are far more likely to act as sell zones than confirmation of a full reversal.
The Bigger Problem: Liquidity Below
Here’s the part I really don’t want to ignore.
For the last few days, there’s been a large amount of liquidity building below current price, sitting roughly around 72,000 to 72,600 (around 72.5K).
This area is acting like a magnet.
Markets love liquidity, and until that zone gets tapped, it’s hard to argue that downside risk is gone. Even if we get a bounce first, that liquidity below is still there — and it matters.
So what’s the Play?
In short:
A short-term relief move is very possible
The larger trend is still bearish
72K liquidity remains a key downside area to keep in mind
This is one of those moments where patience really pays. Let the market breathe, see how it reacts at resistance, and don’t forget where the liquidity is sitting.
That’s where the real story is.
บันทึก
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Register on weex and trade with me: 👇
weex.com/en/register?vipCode=cryptomojo
Get CRYPTOMOJO premium for free 👉 t.me/CRYPTOMOJO_TA
weex.com/en/register?vipCode=cryptomojo
Get CRYPTOMOJO premium for free 👉 t.me/CRYPTOMOJO_TA
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมใน ข้อกำหนดการใช้งาน