šØ $BTC IS AT $78K⦠BUT THIS IS WHERE RETAIL TRADERS CAN GET TRAPPED
But honestly Iām more interested in whatās happening around the liquidity š
Everyone is looking at the green candles and thinking about the next move.
But for me, the interesting part is what BTC does around the recent highs and lows.
Right now BTC is sitting around the $77Kā$78K area, while the bigger picture is still a bit messy.
š¦ Fed +25 BPS
The Fed raised rates to 3.75%ā4.00% on September 16.
šļø CLARITY Act stalled
The U.S. Senate failed to move the crypto market-structure bill forward in a procedural vote.
š° ETF flows are mixed
We've seen selling pressure in Bitcoin ETFs, followed by later inflows.
So yeah⦠thereās still a lot going on behind the chart.
But this is the part Iām watching š
š§ WHERE IS THE LIQUIDITY?
š“ Above the recent highs
There could be short stop-losses and breakout buyers sitting there.
š¢ Below the recent lows
There could be long stop-losses sitting there too.
And we all know what BTC likes to do sometimesā¦
Take the liquidity first ā make everyone think the direction is confirmed ā then reverse. š
Thatās why Iām not interested in blindly chasing a green candle here.
Iād rather see:
⢠liquidity sweep
⢠strong displacement
⢠market structure shift
⢠decent volume
⢠and most importantly, how BTC reacts around $78K
Because honestlyā¦
$78K itself isn't the signal.
The reaction around $78K is what matters.
Maybe it breaks cleanly.
Maybe it gets rejected.
Or maybe BTC grabs liquidity from one side first and then makes the real move.
Nobody knows for sure.
Thatās the whole game. š
For now, Iām just watching the liquidity and waiting for the market to show its hand.
What do you guys think?
BTC breaks $78K cleanly, gets rejected, or sweeps liquidity first? š
#BTC #Bitcoin #cryptotrading #liquidity #TradingPsychology
But honestly Iām more interested in whatās happening around the liquidity š
Everyone is looking at the green candles and thinking about the next move.
But for me, the interesting part is what BTC does around the recent highs and lows.
Right now BTC is sitting around the $77Kā$78K area, while the bigger picture is still a bit messy.
š¦ Fed +25 BPS
The Fed raised rates to 3.75%ā4.00% on September 16.
šļø CLARITY Act stalled
The U.S. Senate failed to move the crypto market-structure bill forward in a procedural vote.
š° ETF flows are mixed
We've seen selling pressure in Bitcoin ETFs, followed by later inflows.
So yeah⦠thereās still a lot going on behind the chart.
But this is the part Iām watching š
š§ WHERE IS THE LIQUIDITY?
š“ Above the recent highs
There could be short stop-losses and breakout buyers sitting there.
š¢ Below the recent lows
There could be long stop-losses sitting there too.
And we all know what BTC likes to do sometimesā¦
Take the liquidity first ā make everyone think the direction is confirmed ā then reverse. š
Thatās why Iām not interested in blindly chasing a green candle here.
Iād rather see:
⢠liquidity sweep
⢠strong displacement
⢠market structure shift
⢠decent volume
⢠and most importantly, how BTC reacts around $78K
Because honestlyā¦
$78K itself isn't the signal.
The reaction around $78K is what matters.
Maybe it breaks cleanly.
Maybe it gets rejected.
Or maybe BTC grabs liquidity from one side first and then makes the real move.
Nobody knows for sure.
Thatās the whole game. š
For now, Iām just watching the liquidity and waiting for the market to show its hand.
What do you guys think?
BTC breaks $78K cleanly, gets rejected, or sweeps liquidity first? š
#BTC #Bitcoin #cryptotrading #liquidity #TradingPsychology
