Bitcoin is experiencing significant trading activity as algorithms target stops within a falling wedge pattern. Liquidity is being harvested around the $65,000 mark, causing weaker investors to exit their positions. Meanwhile, short positions are clustering above, with institutions waiting for a potential breakout. This movement is seen as a strategic position reset.
The current trading plan involves a flush to absorb supply, building a base within the range, and a breakout that could trigger long positions, with an extension target of $130,000. However, the risk remains high; if Bitcoin falls below $65,000 again, the setup could become invalid. Traders emphasize patience and mechanical trading over emotional reactions.
Bitcoin Faces Critical Levels as Algorithms Target Stops
Aviso Legal: O conteúdo disponibilizado no Phemex News é apenas para fins informativos. Não garantimos a qualidade, precisão ou integridade das informações provenientes de artigos de terceiros. Este conteúdo não constitui aconselhamento financeiro ou de investimento. Recomendamos fortemente que você realize suas próprias pesquisas e consulte um consultor financeiro qualificado antes de tomar decisões de investimento.
