Bitcoin / TetherUSShort
Range trading
I believe the Bitcoin chart is currently undergoing a price correction and liquidity collection phase, presenting a high-risk trading opportunity within the market range. I consider the movement between liquidity points in the CME futures and options market databases to be of great importance in the traders' movement perspective. Following this short trade, I will enter a low-risk long trade with a target of $98,000, after which the price may want to collect the liquidity of $99,800 and perhaps $101,000. However, I will exit the trade after the $98,000 ceiling and wait and see to determine the ceiling of this movement. Currently, however, the micro data show a strong indication of the price's willingness to move towards $92,000 or $88,000. But let us not forget that this market is uncertain and anything can happen with a major news event. So do not forget capital management.
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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.