$BTC #Market Outlook: Key Levels to Watch
A lot of people are still confused about whether Bitcoin is going to sweep the highs or form a local top around the 78k–80k zone and then dump lower.
Right now, the 78k–80k area remains a crucial resistance zone, and we are actively seeing signs of distribution there. I also discussed this in today’s Order Flow analysis.
At the same time, there are many short positions opening, while significant liquidity is stacking above the previous highs. Because of that, we cannot ignore the possibility of a liquidity sweep upward.
The plan we have been following so far is playing out step by step:
Price sweeps the mO (major order block) — this has already happened.
Price retests the 78k–80k zone — this has also happened.
Now comes the complicated part: Will BTC top here, or will it first sweep the highs?
From the beginning, I have maintained that a sweep of the highs remains probable. However, that does not mean Bitcoin will pump straight up from here.
Before that, I am expecting a pullback into the 74k–75k zone, which has been part of the plan all along.
Possible Scenarios
Bullish Scenario:
If BTC pulls back to 74k–75k and bounces strongly from that zone, I will be looking for a reclaim of 80k, followed by a potential sweep of the highs.
Bearish Scenario:
If BTC fails to hold the 74k–75k support, then the upside setup is invalidated, and we are likely heading much lower without revisiting the highs.
Bias Clarification
To be clear, targeting a potential sweep of the highs does not mean I have changed my overall bias.
I have been bearish since the highs, and I still believe Bitcoin will eventually move lower to sweep downside liquidity.
However, on the lower time frames (LTF), there is still room for a temporary bounce before that larger move unfolds.
This should clarify my current market bias and the key levels I am watching.
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