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Shved126
Jan 31, 2024 10:48 AM

BTC: Short-Term Liquidity Hunt Before Bear Trap and Drop Long

Bitcoin / TetherUS PERPETUAL CONTRACTBinance

Description

Bitcoin (BTC) is currently positioned for a short-term move targeting liquidity above the current highs, potentially luring in bears. This setup suggests a liquidity hunt, followed by a rebound from the heavily traded area, and then a push towards higher liquidity zones beyond the recent highs. It appears to be a tactical move to trap bears before a significant downturn. While the short-term outlook hints at a bullish trap, my global perspective remains bearish, anticipating a more substantial short position post-liquidity grab around the 44K level, possibly even higher.https://www.coinglass.com/pro/futures/LiquidationHeatMap
Comments
MyCryptoParadise_Simon
Let's see if this strategy unfolds as anticipated.
Shved126
@MyCryptoParadise_Simon, This is a very risky option, here you need to make a decision on the spot and control the price development in the moment
Shved126
@MyCryptoParadise_Simon, Though it's evident how the price is reacting from the zone that I marked
Shved126
@MyCryptoParadise_Simon, They did not give an entry point
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