Bitcoin Liquidation Trap And Lower Entry Opportunity

I recently had a long position of BTC near its most recent bottom on the 5 minute chart of this timeline but had sold at 120% profit (I was trading at 100x leverage and felt happy with my profits). I trade primarily based off of volume based support and resistance and valuation oscillators for confirmation of liquidation traps and momentous sentiment. I've recently sold because I had reason to believe it had reached a top or at least near a top, and quite frankly was happy with my profits.

I wanted to point out something I noticed when looking at the longer timeframes that was one of the reasons I had decided to sell my long position. In this chart you'll notice the last two weekly candlesticks have a lot of volume, but they also have a large allocation of long positions being entered for that time period. I think we may be encountering a long liquidation trap for the holders of the most recent bull surge we had the past month. I've plotted a horizontal line at an area on this chart where the liquidation price is for 5x leverage, a commonly used leverage for these kinds of traders. I plotted high volume, leverage entry, and the 5x leverage liquidity pot where a large volume of long positions will be rendered worthless (besides to the exchanges and short sellers of course).

Synopsis:

I think we'll find the $57,500 point for bitcoin will be reached within the next 18 days, providing a better entry for people and a good point for long positions and their liquidation price to be reached (or stop losses). However, if this happens in under 4 days, I plotted a dashed green line where I think a potential long squeeze might occur, meaning that all of the long positions from the previous bull run will be liquidated, and all of the long positions entered during this most recent bear dump will be liquidated. If that happens, the entry could be lower, but if we reach this price within 5-18 days I think it'll bottom out around the liquidation trap level and even out from there to incur it's largest bull run for this upcoming halving date.
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