BTC executed its expected move perfectly. It swept liquidity, then continued its bearish trend as anticipated. 📉
This scenario was highlighted last Friday: a sweep above the ~$90.5k highs presented a clear opportunity for shorts, especially after a Market Structure Break (MSB). The price action unfolded as predicted, rewarding those who capitalized on the move. ✨
With the weekend upon us, market books are thin, often leading to misleading price action. Trades have been closed with a solid Risk/Reward, emphasizing the importance of not forcing entries when liquidity is likely positioning for next week. 🧘♂️
The ~$86.2k Fair Value Gap (FVG) remains a key area of interest. This could be an opportune spot for potential longs, but only upon a confirmed reversal, avoiding speculative entries. 🎯
Currently, the market is ranging. ↔️
If price revisits the highs, shorts will be considered after confirmation. 📉
Should it reclaim and hold those levels, a long bias would be warranted. 📈
Patience is key. Allow the market to reveal its next move. We look forward to observing the developments next week. 🗓️
