Bitcoin has not shown significant volatility on higher timeframes. However, we are waiting for specific reactions 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, and 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 probe lower levels. In this scenario, our final target will point toward the 58000 level.
This limit price short strategy is formulated based on current liquidation data from the heatmap. The data shows that Bitcoin still has the potential for minor upward wicks to sweep liquidity before the real move initiates.
If the current trade is stopped out at breakeven, there is no need to worry. This will be my next short position setup opportunity. We remain patient and stick to strategy trading.
As long as the price remains below the major resistance level, the current setup is suitable for establishing short positions.
📈 Entry Level: 74718 Add Position Level: 75888 🛑 Stop Loss Level: 76518
#BTC Limit Price Short Trading Zone
Bitcoin has not shown significant volatility on higher timeframes. However, we are waiting for specific reactions 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, and 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 probe lower levels. In this scenario, our final target will point toward the 58000 level.
This limit price short strategy is formulated based on current liquidation data from the heatmap. The data shows that Bitcoin still has the potential for minor upward wicks to sweep liquidity before the real move initiates.
If the current trade is stopped out at breakeven, there is no need to worry. This will be my next short position setup opportunity. We remain patient and stick to strategy trading.
As long as the price remains below the major resistance level, the current setup is suitable for establishing short positions.
📈 Entry Level: 74718
Add Position Level: 75888
🛑 Stop Loss Level: 76518
🎯 Target Level 1: 71188
🎯 Target Level 2: 68288
🎯 Target Level 3: 59088