Bitcoin experienced a sharp sell-off, sweeping liquidity and pushing into a key demand zone around 67K.
📍 What I'm Watching: • Strong reaction from the demand area. • Buyers are attempting to defend the zone after the aggressive drop. • Short-term recovery is possible if price continues holding above support.
📊 XAUUSD (Gold) Trade Setup $USDC Price is currently reacting from a strong demand zone after a liquidity grab. Sellers pushed below support, but buyers stepped in quickly, showing signs of absorption.
🎯 Bullish Scenario: • Holding above the demand area keeps buyers in control. • Potential move toward 4528 → 4535 → 4541. • Looking for bullish confirmation before continuation.
⚠️ Risk: A strong close below the zone would invalidate the bullish idea and could open the door for further downside.
Patience is key — let the market confirm direction before execution.
Gold is showing respect within the demand zone on the 5M timeframe.
🔹 Price is currently trading around a key support area. 🔹 If buyers defend this zone, we could see an upside continuation. 🔹 After a liquidity sweep, there's a chance for bullish momentum to kick in. 🔹 Nearest targets: 4531 → 4541
⚠️ It will become invalid if price closes strongly below the demand zone.
Let the market react, and avoid entering without confirmation.