ANALYSIS #BTC ON 27/05: ARE MM PULLING LONG? A 75K SWEEP MAY BE COMING
BTC is currently around 76,000, stuck in the range, so it's not a good time to long/short the market right now. The highest probability view for the next 24 hours: MM may push the price back up to 76,380–76,880 to sweep some small shorts and fill the M30 FVG, then dump back down to 75,630 and 75,200.
Guys, wait for BTC to bounce back up to 76,380–76,880 and then look to SHORT, split your entries:
SL: above the wick at 78,300
TP1: 75,630.
TP2: 75,200.
TP3: 74,260.
The survival zone is 74,250–74,960. If BTC can hold this zone, there’s a chance to bounce back to 78,050 and 82,400. If it loses 74,250, then we could see a drop to 72,660–70,360.
Conclusion: right now, the priority is to wait for a bounce to short, don’t FOMO into a long in the middle of the range.
BTC is currently around 76,000, stuck in the range, so it's not a good time to long/short the market right now. The highest probability view for the next 24 hours: MM may push the price back up to 76,380–76,880 to sweep some small shorts and fill the M30 FVG, then dump back down to 75,630 and 75,200.
Guys, wait for BTC to bounce back up to 76,380–76,880 and then look to SHORT, split your entries:
SL: above the wick at 78,300
TP1: 75,630.
TP2: 75,200.
TP3: 74,260.
The survival zone is 74,250–74,960. If BTC can hold this zone, there’s a chance to bounce back to 78,050 and 82,400. If it loses 74,250, then we could see a drop to 72,660–70,360.
Conclusion: right now, the priority is to wait for a bounce to short, don’t FOMO into a long in the middle of the range.