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$BTC My Current Market Thesis,
After trapping the buyers at 67k, price dumped to 62.6k and is now chopping around 63k.
We cleared the upside liquidity and now slowly hunting the lower levels,
There's still plenty of liquidations stacked below,
But I think we are gonna get a retest first then continue the dump to 60k.
The levels that I am watching for the retest are,
63.7k (mPOC)
65.6k (extended retest + OB)
I will personally be waiting for 65.6k to look for some scalp shorts, targeting 60k.
Also, if you guys saw my last few posts, I mentioned how we got bids appearing on our bounce zone (61.2k - 61.8k),
And whenever we see bids that big appear, price usually holds the level and gives a bounce, hence I am expecting us to hold the bounce zone then get a retest.
If we go to our bounce zone, I will look for