BTCUSD 🌍
The macro narrative for Bitcoin heading into this week is dominated by a brutal wrap-up to the first half of the year, punctuated by massive spot ETF outflows and lingering geopolitical strains that dragged the asset down to local lows near $58,000 🏦. Interestingly, general online sentiment is heavily leaning into extreme fear territory, with widespread retail consensus calling for an immediate breakdown into deeper crypto winter conditions. This tells me we are likely dealing with a highly crowded bearish trade, creating the perfect backdrop for a liquidity hunt and a potential short-squeeze before any macro direction is solidified 💰.
We are seeing a potential shift in Market Structure on the lower timeframes as the price attempts to build a base after the recent heavy markdown phase 📈. While widespread community chatter remains hyper-bearish, the internal order flow shows signs of absorption near the local lows, indicating that professional money may be accumulating from panicked retail participants. If the current structural low holds, this setup exhibits textbook Wyckoffian accumulation characteristics, where late shorts are being trapped right at the edge of the previous range deviation.
Key Zone: The confluence of the weekly VWAP and the volume profile visible on the chart points to a critical decision node right around the $60,000 to $60,300 structural pocket, which aligns closely with the 61.8% Fibonacci retracement level 📉. This area represents an essential high-volume node where buyers must step up to shift the auction back into value; a failure to accept above this zone confirms that sellers remain firmly in control of the distribution.
We are currently trading near the lower quadrant of the broader monthly range, making this a pivotal make-or-break zone for the bulls. I am watching for a clean run on liquidity to sweep the late sellers before establishing a firm base 🧹. The chart clearly outlines a descending channel pattern where a breakout and a bullish change of character would signal an institutional shift in inventory, confirming that the weak hands have been completely shaken out.
My Trade Plan 🎯
Bias: Neutral-to-Bullish. We must remain highly patient and let the confirmation come to us rather than anticipating the bottom.
Entry Protocol: I am looking for price to firmly hold the 61.8% Fibonacci level ($60,094) without violating the previous higher low. The exact trigger requires a bullish Break of Structure (BoS) out of the current descending channel, followed by a clean retest of the value area pocket or developing VWAP to enter long, targeting the upper liquidity pool toward $61,700+. If the structure invalidates and breaks lower, we abandon the idea completely.
The macro narrative for Bitcoin heading into this week is dominated by a brutal wrap-up to the first half of the year, punctuated by massive spot ETF outflows and lingering geopolitical strains that dragged the asset down to local lows near $58,000 🏦. Interestingly, general online sentiment is heavily leaning into extreme fear territory, with widespread retail consensus calling for an immediate breakdown into deeper crypto winter conditions. This tells me we are likely dealing with a highly crowded bearish trade, creating the perfect backdrop for a liquidity hunt and a potential short-squeeze before any macro direction is solidified 💰.
We are seeing a potential shift in Market Structure on the lower timeframes as the price attempts to build a base after the recent heavy markdown phase 📈. While widespread community chatter remains hyper-bearish, the internal order flow shows signs of absorption near the local lows, indicating that professional money may be accumulating from panicked retail participants. If the current structural low holds, this setup exhibits textbook Wyckoffian accumulation characteristics, where late shorts are being trapped right at the edge of the previous range deviation.
Key Zone: The confluence of the weekly VWAP and the volume profile visible on the chart points to a critical decision node right around the $60,000 to $60,300 structural pocket, which aligns closely with the 61.8% Fibonacci retracement level 📉. This area represents an essential high-volume node where buyers must step up to shift the auction back into value; a failure to accept above this zone confirms that sellers remain firmly in control of the distribution.
We are currently trading near the lower quadrant of the broader monthly range, making this a pivotal make-or-break zone for the bulls. I am watching for a clean run on liquidity to sweep the late sellers before establishing a firm base 🧹. The chart clearly outlines a descending channel pattern where a breakout and a bullish change of character would signal an institutional shift in inventory, confirming that the weak hands have been completely shaken out.
My Trade Plan 🎯
Bias: Neutral-to-Bullish. We must remain highly patient and let the confirmation come to us rather than anticipating the bottom.
Entry Protocol: I am looking for price to firmly hold the 61.8% Fibonacci level ($60,094) without violating the previous higher low. The exact trigger requires a bullish Break of Structure (BoS) out of the current descending channel, followed by a clean retest of the value area pocket or developing VWAP to enter long, targeting the upper liquidity pool toward $61,700+. If the structure invalidates and breaks lower, we abandon the idea completely.
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📲 Telegram: t.me/anthonys_forex
💬 Discord: discord.com/invite/PcBeCdwVQq
👉🔗 youtu.be/mxF2qol_hjA
👀 👇🏻Copy my VIP Telegram signals for FREE:
🚀🔗 anthonyfx.com/anthonyfx_copy/
📲 Telegram: t.me/anthonys_forex
💬 Discord: discord.com/invite/PcBeCdwVQq
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
👀 👇🏻 EASY Forex Signals:
👉🔗 youtu.be/mxF2qol_hjA
👀 👇🏻Copy my VIP Telegram signals for FREE:
🚀🔗 anthonyfx.com/anthonyfx_copy/
📲 Telegram: t.me/anthonys_forex
💬 Discord: discord.com/invite/PcBeCdwVQq
👉🔗 youtu.be/mxF2qol_hjA
👀 👇🏻Copy my VIP Telegram signals for FREE:
🚀🔗 anthonyfx.com/anthonyfx_copy/
📲 Telegram: t.me/anthonys_forex
💬 Discord: discord.com/invite/PcBeCdwVQq
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.