$BTC has chosen a direction
This makes it easier to trade, unlike before when it was oscillating between 645-651, moving both up and down
New range:
635
633
630 market price
620
615
604
With macro tightening and liquidity tightening, the main force first hunts the liquidity above over the weekend, then moves down to consume it. This is the most optimal profit path and also the path of least resistance. If the big player continues to open long positions at 640, then stop losses will be triggered again.
633 is a good position. If it goes wrong, I’m willing to hold the position here, with a risk-reward ratio of at least 2. I will place orders in batches at 633, 635, and 637, taking as much as possible. The lower range can be used as a reference point for taking profits.
If the yen continues to appreciate or other major risks emerge, there is a high probability it will break through the lower range all the way, even breaking 60k. Otherwise, it will most likely turn back to consume the liquidity I mentioned earlier at 65-67k (not very certain yet), forcing a short squeeze.
The late bear market is about killing technical trading styles; indicators will fail, and it will slowly oscillate and decline until no one cares.
Take it step by step, verify together, please hit the triple like button! $BTC
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