Key Observations:
Breach of the 60-Day Lookback Zone:
Price has fallen below the previously held demand zone, confirming seller dominance.
This breakdown increases the probability of a deeper retracement toward key Fibonacci and smart money interest levels.
Potential Demand Zones & Fibonacci Levels:
$82,280 - $75,355: This is the first major support area (0.5-0.618 retracement), where we may see a reaction.
$75,000 - $67,500: If weakness persists, price could fill the deeper liquidity void toward the 0.75 retracement level.
Final Support: $57,205 - $54,640: This remains the ultimate level where a full mean reversion move could play out.
Liquidity Hunt & Smart Money Context:
The market is likely sweeping liquidity, trapping late longs before a potential reversal.
Order blocks and imbalance zones suggest that institutional players could step in at lower levels.
Bearish Case: Deeper Drop Incoming?
If
82K fails, a move to $75K or even 
67K is likely.
Further breakdowns could lead to a full sweep into the $57K region, which aligns with historical liquidity pools.
Bullish Reversal Scenario
If buyers aggressively defend82K-$75K, we could see a strong rebound back toward $90K+.
Any reclaim above the 60-day lookback level (~$90K-
92K) would invalidate the bearish breakdown.
Trading Plan:
Short-term: Watching price action around82K-$75K for a reaction.
Medium-term: If weakness persists, looking for deeper buy opportunities closer to $75K-$67K.
Invalidation: A strong daily close below $75K increases the likelihood of a drop to $57K.
Final Note: The breakdown below the 60-day lookback is a crucial shift in market sentiment. Patience is key—let the liquidity do its job before making aggressive moves.
Stay sharp & trade smart!
– Lord MEDZ
Breach of the 60-Day Lookback Zone:
Price has fallen below the previously held demand zone, confirming seller dominance.
This breakdown increases the probability of a deeper retracement toward key Fibonacci and smart money interest levels.
Potential Demand Zones & Fibonacci Levels:
$82,280 - $75,355: This is the first major support area (0.5-0.618 retracement), where we may see a reaction.
$75,000 - $67,500: If weakness persists, price could fill the deeper liquidity void toward the 0.75 retracement level.
Final Support: $57,205 - $54,640: This remains the ultimate level where a full mean reversion move could play out.
Liquidity Hunt & Smart Money Context:
The market is likely sweeping liquidity, trapping late longs before a potential reversal.
Order blocks and imbalance zones suggest that institutional players could step in at lower levels.
Bearish Case: Deeper Drop Incoming?
If
82K fails, a move to $75K or even 67K is likely.Further breakdowns could lead to a full sweep into the $57K region, which aligns with historical liquidity pools.
Bullish Reversal Scenario
If buyers aggressively defend
82K-$75K, we could see a strong rebound back toward $90K+.Any reclaim above the 60-day lookback level (~$90K-
92K) would invalidate the bearish breakdown.Trading Plan:
Short-term: Watching price action around
82K-$75K for a reaction.Medium-term: If weakness persists, looking for deeper buy opportunities closer to $75K-$67K.
Invalidation: A strong daily close below $75K increases the likelihood of a drop to $57K.
Final Note: The breakdown below the 60-day lookback is a crucial shift in market sentiment. Patience is key—let the liquidity do its job before making aggressive moves.
Stay sharp & trade smart!
– Lord MEDZ
Lord MEDZ
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.
Lord MEDZ
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.