Yesterday, while many were buying an obvious "support," we patiently waited for the liquidity sweep at $61,600. The price at $BTC cleaned out the retail stops and shot up to $64k. Patience paid off.
What's happening NOW? (M15) Whales are taking profits and the price is aggressively pulling back. Panic? Zero. The market is testing the ceiling of our old resistance ($62,700). In institutional terms, we're looking to validate a Mitigation Block.
We want to see absorption and rejection (wicks) in this purple zone before considering a re-entry.
🚨 If the price closes strongly below $62,200, the pullback turns into a trend reversal, and we stay out to protect our capital.
Trading is a risk management business, not a fortune-telling game.
Did you secure profits on the way up, or are you waiting for this re-test to look for buys? I’m reading your comments. 👇
#Bitcoin #TradingInstitucional #MarkCapital #PriceAction #BinanceSquare
What's happening NOW? (M15) Whales are taking profits and the price is aggressively pulling back. Panic? Zero. The market is testing the ceiling of our old resistance ($62,700). In institutional terms, we're looking to validate a Mitigation Block.
We want to see absorption and rejection (wicks) in this purple zone before considering a re-entry.
🚨 If the price closes strongly below $62,200, the pullback turns into a trend reversal, and we stay out to protect our capital.
Trading is a risk management business, not a fortune-telling game.
Did you secure profits on the way up, or are you waiting for this re-test to look for buys? I’m reading your comments. 👇
#Bitcoin #TradingInstitucional #MarkCapital #PriceAction #BinanceSquare