Lord MEDZ Trading Update: BitcoinKey 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 GETTEX:82K fails, a move to $75K or even FWB: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 GETTEX:82K -$75K, we could see a strong rebound back toward $90K+.
Any reclaim above the 60-day lookback level (~$90K- GETTEX:92K ) would invalidate the bearish breakdown.
Trading Plan:
Short-term: Watching price action around GETTEX: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
