My Next $BTC Plan
Price is currently testing a key HTF resistance zone, which also aligns with the 0.5 Fib level, making it a high-confluence area for potential shorts.
Given this confluence, I’m looking to re-enter my swing short here to target the final leg down.
The first area, where I plan to take partials, is $70K. This level is not only a major HTF support to the downside, but also where a large liquidity cluster is currently sitting.
After that, I’ll look to take additional profits at the range lows around $66K. This level has been defended by buyers multiple times in the past and remains an area where a bounce is likely.
The final target is the capitulation wick around $60K, which still remains unfilled.
This idea becomes invalid on a confirmed close above the blue box (resistance zone).
