ENTRY: 73951 STOP-LOSS: 71751 TAKE PROFITS: 80349 Leverage: 30X
$BTC may soon make another low and retest the key weekly support level I've been talking about for weeks.
I don't think we'll break below 73k this week because many bids should remain above the 2 highs of March and October 2024.
This trade is exactly the same idea as the ETH trade, but applied to Bitcoin. So don't take both trades at the same time, because that would mean taking twice the risk for the same idea.
I expect price to retest the resistance zone soon, which aligns with the recent breakdown level. This move would also fill the weekend CME gap.
Even though the current structure hints at a potential pump, liquidity below 74.500 remains untouched and the support zone has not been tapped yet. Because of that, it would make sense for price to sweep the lows once more before pushing higher to retest resistance.
Overall, the trend remains bearish. After the resistance retest and CME gap fill, I expect continuation to the downside, targeting the next major liquidity clusters at 60.800 and 51.780.