BTC – Key Levels & Liquidity

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BTC – Key Levels & LiquidityBitcoin / TetherUSBINANCE:BTCUSDTSiDecBTC has entered a healthy consolidation after the sell-off. With it being the summer period, lower market liquidity can also lead to choppier price action before the next major move. The key resistance remains $67K-$68K, backed by strong confluence. This zone aligns with the 3-year POC, the anchored VWAP and monthly Order Block, making it the area bulls need to reclaim to regain momentum. Support at $60K has held well so far. Next, I’d like to see a liquidity sweep below the key low at $61306. There is also a potential Head & Shoulders formation developing and could act as the catalyst for that move. The ideal downside target sits around $60.5K, where the 0.702 Fib, -1 Fib extension and a large liquidity pool all converge. Trade Ideas Short: $65K-$66K
 SL: Above the Anchored VWAP
 Target: $60.5K Long: Watch the $61.3K-$60K zone Wait for a clear bullish reaction before entering Educational Insight Remember, markets move towards liquidity, not just support and resistance. Stop-losses below obvious lows are magnets for price. A sweep below $61.3K into the $60K-$60.5K confluence zone would be a liquidity grab and could provide the foundation for the next bullish move. _________________________________ 💬 If you found this helpful, drop a like and comment!