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All eyes on Bitcoin
$BTC could offer some interesting trade setups today.
I still think Bitcoin needs to sweep some liquidity first before continuing lower. The obvious level for that is around $72-73K, where a lot of short liquidity is sitting.
That move would likely liquidate late shorts before the next leg down.
There are basically two things I’m watching that would trigger trades for me.
If we get a reclaim of the 70k level, I’ll look for longs targeting the ~$73K liquidity.
Ideally that move gives a clean sweep, so I can reposition for shorts again after the liquidity is taken.
Patience here. The best trades usually happen after liquidity gets cleared.