BTCUSDT Market Outlook – Potential Correction Ahead
BTC has recently swept liquidity just above the previous high, indicating a classic buy-side liquidity grab. This type of move often traps late buyers and can signal a shift in market direction, especially when followed by rejection patterns.
🔍 Key Observations:
Price pushed above the previous high, likely to trigger stop orders or attract breakout traders .Immediate failure to hold above the breakout zone, showing signs of weakness. The rejection aligns with a gap in time (low activity zone), increasing the chances of price retracement There are clear inefficiencies (gaps) left behind on lower timeframes, suggesting potential downside targets.
🧭 Market Framework:
If BTC fails to hold above the sweep high and shows strong bearish structure We may see a correction move toward filling the imbalance/gaps below. Watch for a bearish candle closure on H1/H4 below the swept high level to confirm the move.
BTC has recently swept liquidity just above the previous high, indicating a classic buy-side liquidity grab. This type of move often traps late buyers and can signal a shift in market direction, especially when followed by rejection patterns.
🔍 Key Observations:
Price pushed above the previous high, likely to trigger stop orders or attract breakout traders .Immediate failure to hold above the breakout zone, showing signs of weakness. The rejection aligns with a gap in time (low activity zone), increasing the chances of price retracement There are clear inefficiencies (gaps) left behind on lower timeframes, suggesting potential downside targets.
🧭 Market Framework:
If BTC fails to hold above the sweep high and shows strong bearish structure We may see a correction move toward filling the imbalance/gaps below. Watch for a bearish candle closure on H1/H4 below the swept high level to confirm the move.
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Join My Telegram Channel
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Related publications
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.