BTC - Key Zones & Liquidity Insights
2025-02-07
Category: None

BINANCE:BTCUSDT  is currently oscillating within a new trading range, establishing a trustable support zone while facing a weaker resistance trendline and resistance zone. Given this setup, a breakout isn’t the primary expectation just yet.

🔹 Key Observations:
Support Zone Strength: The support zone is stronger than the resistance, making it less likely for BTC to break downward easily.
Resistance Weakness: The resistance trendline and zone appear weaker, meaning any rejection could be temporary.
Liquidity Perspective: As seen on the liquidity chart, there’s favorable liquidity above the resistance zone, increasing the probability of a short-term push higher to hunt liquidity.
💡 Potential Scenarios:
1️⃣ BTC could move toward the resistance zone, tapping into liquidity before reacting.
2️⃣ If buyers step in aggressively, a short-term liquidity grab above resistance might trigger further upside.
3️⃣ Failure to reclaim key levels could lead to continued range-bound movement.

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