Brothers, don't rush! After a series of strong fluctuations, BTC is now in a Range Trading state. Just as the saying goes: "The market will go sideways until proven otherwise."
1️⃣ Identify liquidity zones
Looking at the Price Action chart, we have 4 important "price levels":
🔴 Strong resistance ($100k - $104k): The old peak is extremely tough.
🟠 Near resistance ($75k - $78k): Supply zone has just caused a sharp decline.
🟢 Current support ($60k - $63k): The support of the Bull faction, where ETF funds are "watching" to buy.
🟣 Deep support ($52k - $55k): A stop if the worst-case scenario happens.
2️⃣ Warning "No-man's Land"
Currently, BTC is in the middle of the Range (~$70k). In trading, this is the most dangerous zone because:
Easy to hit Stoploss at both ends.
The SVM structure is showing signals CHoCH (Change of Character) chaotic.
👉 Advice: Wait for the price to approach the upper boundary ($75k) or the lower boundary ($63k) for the best entry point.
3️⃣ What do On-chain data & Funding Rate say?
Funding Rate: Negative for 3 consecutive weeks (long-term Bullish signal).
Whale Ratio: Spiked to 0.6, indicating Whales are loading up. This is often an action of "stoploss sweeping" around $58k - $60k before the real price push.
🎯 Strategy for next week:
Priority: Wait for the price to sweep over $63k (Capture liquidity) and then bounce back to enter a Long position.
Caution: If BTC cannot Reclaim the $75k level, the downtrend will still dominate.
💬 Which team do you belong to?
Long right at $70k because you fear missing the boat?
Patiently waiting to sweep $63k?
Please share below to discuss together! 👇
#BTC #PriceAction #tradingtips #BinanceSquare #smartmoney
