#TradingTypes101 $BTC btc$BTC
After dropping toward the 100K zone and sweeping the liquidity pool, Bitcoin has made a strong rebound to the upside, putting high-leverage short positions at risk.
BTC
106,304.01
+0.4%
However, it is now approaching a supply zone that could potentially push the price back down toward the 98K area.
If the market maker intends to drive the price lower and trigger a bearish scenario, this is the zone to do it from. Let’s see what happens.
A daily candle close above the invalidation level (107,000) would invalidate this analysis.
Let’s see how Bitcoin reacts to the red box.
For risk management, please don't forget stop loss and capital management.
When we reach the first target, save some profit and then change the stop to entry.
Trade at your own Risk 👍
Best Regards, Trade Cryptocurrency
Stay Tuned for Further Updates.