After dropping toward the 100K zone and sweeping the liquidity pool, Bitcoin has made a strong rebound to the upside, putting high-leverage short positions at risk. However, it is now approaching a supply zone that could potentially push the price back down toward the 98K area.
If the market maker intends to drive the price lower and trigger a bearish scenario, this is the zone to do it from. Let’s see what happens.
A daily candle close above the invalidation level ($107,000) would invalidate this analysis.
Let’s see how Bitcoin reacts to the red box.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
If the market maker intends to drive the price lower and trigger a bearish scenario, this is the zone to do it from. Let’s see what happens.
A daily candle close above the invalidation level ($107,000) would invalidate this analysis.
Let’s see how Bitcoin reacts to the red box.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
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Free membership: t.me/Behdark_EN
🔷Our Telegram channel has daily spot and futures signals 👉 t.me/Behdark_EN
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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.
🔆To succeed in trading, just enter our Telegram channel:
Free membership: t.me/Behdark_EN
🔷Our Telegram channel has daily spot and futures signals 👉 t.me/Behdark_EN
💎 Exclusive signals are only shared on our Telegram channel
Free membership: t.me/Behdark_EN
🔷Our Telegram channel has daily spot and futures signals 👉 t.me/Behdark_EN
💎 Exclusive signals are only shared on our Telegram channel
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.