Bitcoin has not yet shown significant volatility on higher time frames. However, we are waiting for a specific reaction at key levels to determine the direction of subsequent operations.
Currently, Bitcoin is still trading within a fixed range volume distribution zone. You can see two blue lines in the screenshot, along with the nPOC (Point of Control) located in the middle. This nPOC is currently serving as our key support level.
If the nPOC support breaks, Bitcoin is expected to explore lower levels. In this scenario, our final target will point to the 58000 level.
This limit price short strategy is formulated based on current liquidation data from the heat map. The data shows that before Bitcoin truly initiates a move, there is still potential for minor upside sweeps to capture liquidity.
If the current trade is stopped out at breakeven, no need to worry. This will be my next short positioning opportunity. We maintain patience and stick to strategy trading.
As long as the price remains below the major resistance level, the current position is suitable for establishing short positions.
#BTC Limit Price Short Trading Zone
Bitcoin has not yet shown significant volatility on higher time frames. However, we are waiting for a specific reaction at key levels to determine the direction of subsequent operations.
Currently, Bitcoin is still trading within a fixed range volume distribution zone. You can see two blue lines in the screenshot, along with the nPOC (Point of Control) located in the middle. This nPOC is currently serving as our key support level.
If the nPOC support breaks, Bitcoin is expected to explore lower levels. In this scenario, our final target will point to the 58000 level.
This limit price short strategy is formulated based on current liquidation data from the heat map. The data shows that before Bitcoin truly initiates a move, there is still potential for minor upside sweeps to capture liquidity.
If the current trade is stopped out at breakeven, no need to worry. This will be my next short positioning opportunity. We maintain patience and stick to strategy trading.
As long as the price remains below the major resistance level, the current position is suitable for establishing short positions.
📈 Entry Price: 74718
Add-on Position: 75888
🛑 Stop Loss: 76518
🎯 Target 1: 71188
🎯 Target 2: 68288
🎯 Target 3: 59088