$BTC Clearing the first liquidity zone at 65.5k (EQH's).



We can still extend a bit higher towards the top of the channel around 66.2k before seeing a meaningful rejection.

Personally, I'm not looking for any triggers here. The sweep of 63.8k would've been a solid long setup, but I wasn't monitoring the charts so I missed it.

As for shorts, I'm being cautious as I expect us to be inside Wave 3, And if we are in Wave 3, there's a good chance we extend into the 68k-70k region before we see any meaningful pullback.
BTC0.66%
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GasFeeAssassin
· 23h ago
The technical analysis is pretty clear, but I just feel like the market won’t follow the script so neatly—maybe it will dump from 66.2k straight to 64k. Let’s take a look first.
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OpBNBHauler
· 07-20 16:37
Bro, this analysis is really detailed. After that liquidity at 65.5k gets swept, if it really goes into wave 3 next, then above 68k there really is a chance. I won’t take any action for now.
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CosmosHubber
· 07-20 16:24
Missing 63.8k is definitely a pity, but when it comes to shorting in a wave 3 market, you really need to be careful.
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StableSurfer
· 07-20 16:15
Haha, it’s the same as you—I didn’t watch closely and missed it, but then again, at this point shorting is indeed against the trend. Wait for a right-side signal.
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SweepBot
· 07-20 16:15
Chasing longs right now feels a bit scary. I’ll wait for a pullback and then consider trying a small long position. I feel like there will be resistance around 66.2k.
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