$BTC
URGENT UPDATE: BTC $104k - THE "LONG SWEEP" HAS OFFICIALLY BEGUN!
Brothers, $104k already.
This is exactly what I warned about this morning. The price has officially INFRINGED upon the "liquidity pool" of the Long side in the range of $101.5k - $104.5k.
The "Long Sweep" (Stop Hunt) is no longer a prediction; it IS HAPPENING.
My assessment:
A price of $104k means that the first leveraged Long orders in that "pool" have started to be liquidated. MM (Whales) are officially "cleaning up" the market.
The next target for MM could be the more densely packed liquidation clusters at $103.2k and $102.5k. This "sweep" could happen very quickly with a few strong red candles.
Advice:
ABSOLUTELY DO NOT CATCH A FALLING KNIFE (bottom fishing) right now, unless you are a professional trader and know exactly what you're doing.
Anyone holding Long positions in this area is in extreme danger. This is why I always say to set SL (Stop Loss) tightly.
The Short side (Selling) shouldn't celebrate too soon; MM can "sweep" both sides. But for now, the Long side is the target.
The market is in a "storm." Protect your account first #Liquidation #Warning #StopHunts #BTC