$BTC
In conclusion, for the layman, when to enter? Where to set stop loss? Check my notes below..
The bright yellow area acts like a 'magnet' for prices, as sometimes market makers (big players) want to move prices there to take money from small traders.
If you see the yellow area above the current price, there is a possibility that the price will rise first towards that area (to liquidate short positions).
If the yellow area is below, the price might drop to take the long positions that got liquidated.
In short:
Currently, there are many "traps" around 95,000 - 96,000, so the price could rise there first before dropping or continuing.
Quick Analysis based on this Heatmap:
1. Temporary Trend:
From the chart, the Bitcoin price is currently sideways tending slightly down (look at the small movements towards the lower right).
2. Important Zones:
Upper zone (target up): around 95,800 - 96,000 USDT
(many people will get liquidated here — bright yellow area).
Lower zone (support): around 91,400 - 92,800 USDT
(if the price fails to rise, this is the next falling area).
3. Simple Trading Strategy:
Option A: Look for SHORT opportunities (sell)
Wait for the price to rise to the area of 95,800 - 96,000.
Then open a SHORT position (betting that the price will go down).
Stop loss: set just above 96,300 (to guard against a breakout upwards).
Target down: take profit around 94,200 or 92,800.
Option B: Look for LONG opportunities (buy)
If the price drops to around 91,400 - 92,000, you can look for LONG opportunities (betting that the price will go up).
Stop loss: below 91,000.
Target up: take profit around 94,000 - 95,500.
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Simple overview:
If the price rises to 95,800 → look for SHORT.
If the price drops to 91,400 → look for LONG.
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Important notes (must remember!):
Do not open a position if the price is in the middle (like now 94.xxx), wait to enter a safe area!
Always use stop loss to avoid significant losses.
This is just a strategy based on today’s heatmap, always keep an eye on hourly updates because the Bitcoin market moves quickly.