$BTC The current market trend is generally bullish, indicating an upward trajectory over the longer term. However, opportunities exist to capitalize on market movements in both the short and long term. Monitoring key liquidity zones is essential for identifying potential reversals or corrections. A critical area to watch is the 64,067.5 level, which represents a significant liquidity zone. This level may act as a pivot point where selling pressure could increase, leading to a potential downside move.
If the market shows signs of weakening near this level, it could present a short-term opportunity for traders looking to benefit from a downward movement. Should a downward move occur, the initial target would be the 62,345.9 area. This level could serve as a potential support zone where buyers might step in, possibly leading to a rebound or stabilization.
Traders should remain vigilant in tracking price action around these key levels, as a break below 64,067.5 could trigger a shift in sentiment and open the door for further declines. The strategy involves balancing the long-term bullish outlook with readiness to take advantage of shorter-term corrections, ensuring flexibility in adapting to market dynamics.