$BTC Update You must watch! What will be the next move? 55K or 65K? | BuerTrades på Binance Square

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$BTC Update You must watch! What will be the next move? 55K or 65K?

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$BTC Indeed, this time was a bit different, but once again, no celebration near the resistance. It's important to break 59,400 with good volume for continuation. It's good that we already retested some lower liquidity. We should see some action during the NYO. Until then, I'm trailing my previous long from the 53.3k zone. I will size up if we manage to close the daily above 59.4k. #bitcoin

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🔥BREAKING: #Bitmex Co-Founder Arthur Hayes has closed his short! Previously, Arthur was targeting the 50k zone for $BTC, but now he has fully closed his short, indicating that whales are exiting their shorts and taking profits #BTC☀

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⚠️SWING TRADE FUTURES(Use low leverage 8X) ETH/USDT LONG in parts ✅ENTRY 1: 2412 ✅ENTRY 2: 2370 ✅ENTRY 3: NA 🎯Target1: 2435 🎯Target2: 2480 🎯Target3: 2520 🎯Target4: 2600 🎯Target5: 2800 🚨SL: 2250 Note: Swing trades analysis are done on higher TF and takes time to hit. Use TP1 for quicker profits. ONLY ENTER IF YOU CAN HOLD POSITION FOR FEW DAYS TO FEW WEEKS Best Strategy is to always book some profits at TP1, set the SL at entry and keep the profits running Like and follow us for more trades✅

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While bulls on CT argue, "Let them keep shorting, MM needs fuel to pump it later," bears are aggressively calling it a bearish retest, aiming to trap bulls and dump it below 50k. We’ve become overly concerned with liquidity maps and MM these days. I still believe that simple trading based on support and resistance works best. We bounced from support and got rejected at resistance. Interesting, right? Keep things as simple as possible. Don’t let your bias be swayed by others—we're still ranging.

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$BTC UPDATE: Many of you might be confused by the current price action. When looking at the chart on higher time frames, I noticed that we still haven’t broken structure. We attempted to break support last night, but it was a quick wick that was recovered pretty well. A good way to identify whether it was a liquidity grab or an actual dump is by observing how the price reacts at certain levels. In this case, we saw a quick bounce upon hitting the 55.5k zone, which usually indicates a liquidity hunt. We haven’t really broken support and are still trading above this area. So, what’s next? Funding rates have turned extremely negative, and most of the liquidity was already taken in the last hunt. For any positive sign, the first area to reclaim would be the 57.4k zone, and ultimately, we need to trade above 59.6k for at least a day. However, it should be noted that if we break the green zone, the next area I expect is around 48-49k, as there’s still an unfilled wick to address. Personally, I’m still leaning towards longs because the current risk-to-reward (R:R) ratio is good, with tight stops below the green zone.

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