#BTC/USDT Analysis
Price is currently trading inside a key demand area where buying interest remains strong. Bulls are still holding the H4 OB+, while an H4 FVG positioned just below continues to provide additional support within the 62,550 - 61,950 range.
From a market structure perspective, a liquidity sweep at this stage would be completely reasonable. A brief move lower could clear out overleveraged long positions and target the sell-side liquidity sitting beneath Friday's low at 62,272.
The combination of this OB+ and FVG forms a significant support base. Ideally, the market could print a fast wick below 62,272, collect the available liquidity, and then react with a sharp bullish recovery.
For now, patience is key. Monitor this zone closely and look for clear rejection wicks and strong buyer response before considering any aggressive positioning.
Price is currently trading inside a key demand area where buying interest remains strong. Bulls are still holding the H4 OB+, while an H4 FVG positioned just below continues to provide additional support within the 62,550 - 61,950 range.
From a market structure perspective, a liquidity sweep at this stage would be completely reasonable. A brief move lower could clear out overleveraged long positions and target the sell-side liquidity sitting beneath Friday's low at 62,272.
The combination of this OB+ and FVG forms a significant support base. Ideally, the market could print a fast wick below 62,272, collect the available liquidity, and then react with a sharp bullish recovery.
For now, patience is key. Monitor this zone closely and look for clear rejection wicks and strong buyer response before considering any aggressive positioning.