Bitcoin swept liquidity at the start of the week and is now pressuring a smaller neckline that opens the door to a full market structure break.
Why This Level Matters:
Price tapped the 64,061 supply zone and rejected sharply after a clean liquidity grab. The 62,583 neckline is now the line in the sand. Losing it confirms sellers are in control and shifts structure to the downside.
Gameplan / Primary Scenario:
We want the break of the 62,583 neckline before committing. Once price breaks and closes below, sell the retest and ride continuation lower toward the 58,342 zone where the local lows sit waiting to be swept. Until that neckline gives way, patience is the play — the break is the trigger.
If this added value, boost it forward. What are your thoughts?
Swallow Academy
Why This Level Matters:
Price tapped the 64,061 supply zone and rejected sharply after a clean liquidity grab. The 62,583 neckline is now the line in the sand. Losing it confirms sellers are in control and shifts structure to the downside.
Gameplan / Primary Scenario:
We want the break of the 62,583 neckline before committing. Once price breaks and closes below, sell the retest and ride continuation lower toward the 58,342 zone where the local lows sit waiting to be swept. Until that neckline gives way, patience is the play — the break is the trigger.
If this added value, boost it forward. What are your thoughts?
Swallow Academy
Trade active
Breakdown Happened
Trade closed: stop reached
Strong manipulations and we got stopped right after the break happened!
💎 Telegram:
t.me/+fiEDSn7M9pJkODA0
🌎 Website:
swallowteam.com/
🚨Years on charts build the habit of sensing psychological market direction. So far working :)
t.me/+fiEDSn7M9pJkODA0
🌎 Website:
swallowteam.com/
🚨Years on charts build the habit of sensing psychological market direction. So far working :)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
💎 Telegram:
t.me/+fiEDSn7M9pJkODA0
🌎 Website:
swallowteam.com/
🚨Years on charts build the habit of sensing psychological market direction. So far working :)
t.me/+fiEDSn7M9pJkODA0
🌎 Website:
swallowteam.com/
🚨Years on charts build the habit of sensing psychological market direction. So far working :)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.