🚨 This is exactly where fear usually peaks.
$BTC is trading near $63,466, and sentiment across the market has become extremely bearish. Many traders are already expecting a deeper drop, but I’m not interested in shorting directly into a major support area.
Instead, I’m watching for a potential reaction from this zone and have already taken a long position.
📍 Long BTC
🎯 Target: $66,900
Late bears are becoming increasingly aggressive, but the support level remains intact for now. At the same time, there is plenty of liquidity sitting above the current price.
If buyers continue defending this area, BTC could produce a sharp relief rally and catch many traders on the wrong side of the move. ⚡📈
$BTC is trading near $63,466, and sentiment across the market has become extremely bearish. Many traders are already expecting a deeper drop, but I’m not interested in shorting directly into a major support area.
Instead, I’m watching for a potential reaction from this zone and have already taken a long position.
📍 Long BTC
🎯 Target: $66,900
Late bears are becoming increasingly aggressive, but the support level remains intact for now. At the same time, there is plenty of liquidity sitting above the current price.
If buyers continue defending this area, BTC could produce a sharp relief rally and catch many traders on the wrong side of the move. ⚡📈