$BTC 15M Analysis
The market has been moving sideways in a range for some time. Recently, price gave a strong upper wick around 73,100, which indicates sellers are active at that level. On the downside, there is a smaller wick, but there is still a good amount of liquidity resting within the range.
So, the plan is to wait for a liquidity sweep — and then trade in the opposite direction of that sweep.
My POV:
The market is recently bullish, so taking a long trade has a higher probability of success.
There is significant liquidity around 71,600, and if price breaks below support, traps sellers, and creates a fakeout, it can provide a strong buying opportunity. We can look for long entries in the 71,500–71,600 zone.
Important:
Only take the trade if the market shows a clear rejection candle.
MUST #DYOR BEFORE TALKING ANY TRADES
