BTC Short Opportunity : Targeting Key Liquidity Zones
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Overview :
Bitcoin has been experiencing slow downward movement after failing to breach the supply zone on Tuesday. The market left liquidity behind, presenting a potential short-term shorting opportunity.
Key Levels to Watch :
Supply Zone : $27,800 - $28,200 (resistance)
Point of Control (POC) : $27,200 (mid-level target)
Demand Zone : $26,700 - $26,500 (support)
Current Analysis :
Trend : Bearish bias near the supply zone, with price likely to retest lower levels.
Liquidity Zones : Significant liquidity remains below the current range, increasing the probability of a move downward.
Strategy : Monitor BTC’s approach to the supply zone for potential entry. A rejection from this level could signal a profitable short opportunity.
Pro-Tip : Wait for confirmation at $27,800 before opening a short position. Target the POC for a conservative exit or the demand zone for higher returns.
Conclusion :
BTC’s failure to enter the supply zone, coupled with slow downward movement, indicates a tactical short opportunity. However, stay cautious as a breakout above the supply zone could invalidate this setup. Adjust your risk and rewards accordingly.