$BTC โ Lower Before Higher ๐
The market structure hasn't changed, and neither has my outlook.
Price has already swept most of the upside liquidity, while a significant amount of liquidity continues to build below current levels. From a technical perspective, that makes the downside the more attractive target in the near term.
The rejection from the $67.3K area was an important signal. As long as bearish momentum remains intact, I'm expecting $61Kโ$62K to be the first major destination. Traders holding short positions may consider this zone for partial profit-taking.
Personally, I'm targeting even lower levels.
My main accumulation zone remains between $49K and $55K. If price reaches that area, I plan to close remaining short positions and start building long-term longs for the next major bullish cycle.
The recent macro developments, including the Bank of Japan's policy direction, continue to support a cautious outlook. Because of that, a 20โ25% correction from the recent lower high still looks like a realistic scenario.
My Plan:
๐ป First Target: $61Kโ$62K
๐ป Final Target: $49Kโ$55K
๐ข Long-Term Accumulation Zone: $49Kโ$55K
๐ Expecting one final shakeout before the next major bull run.
Lower before higher. Stay patient and follow the plan.
#BTC #Bitcoin #Crypto #Trading #BTCUSDT #CryptoTrading #TechnicalAnalysis #MarketUpdate #BullRun #BearishOutlook #Liquidity #PriceAction #CryptoMarket #Investing #BitcoinAnalysis
$BTC
The market structure hasn't changed, and neither has my outlook.
Price has already swept most of the upside liquidity, while a significant amount of liquidity continues to build below current levels. From a technical perspective, that makes the downside the more attractive target in the near term.
The rejection from the $67.3K area was an important signal. As long as bearish momentum remains intact, I'm expecting $61Kโ$62K to be the first major destination. Traders holding short positions may consider this zone for partial profit-taking.
Personally, I'm targeting even lower levels.
My main accumulation zone remains between $49K and $55K. If price reaches that area, I plan to close remaining short positions and start building long-term longs for the next major bullish cycle.
The recent macro developments, including the Bank of Japan's policy direction, continue to support a cautious outlook. Because of that, a 20โ25% correction from the recent lower high still looks like a realistic scenario.
My Plan:
๐ป First Target: $61Kโ$62K
๐ป Final Target: $49Kโ$55K
๐ข Long-Term Accumulation Zone: $49Kโ$55K
๐ Expecting one final shakeout before the next major bull run.
Lower before higher. Stay patient and follow the plan.
#BTC #Bitcoin #Crypto #Trading #BTCUSDT #CryptoTrading #TechnicalAnalysis #MarketUpdate #BullRun #BearishOutlook #Liquidity #PriceAction #CryptoMarket #Investing #BitcoinAnalysis
$BTC