🚨 Sharp Correction Hits, Opportunity Awaits 🚨
🎯 Key Levels to Watch:
• Above: 115697 / 116691 / 117216
• Below: 114667 / 114055 / 112350
🔥 $BTC Liquidation Heatmap:
• Above: 116520 / 117106 / 118280
• Below: 113800 / 112805 / 111465
While I anticipated a drop in August, it struck on the first night. View this as a buy-tail forming on the monthly candle. As noted yesterday, this move could extend to 112,000–113,000, especially if this week closes as bearish as it appears. Still, on higher timeframes, this remains a bullish retest.
Short-term, expect a bounce to the 116,000–116,700 zone — I'm considering a long scalp there. For the longer term, unless this bounce turns strongly bullish, brace for another leg down to ~112,350 (alert set).
