$BTC dipped under August close and bounced to the low from two weeks ago at 110484. That was one of "key levels to watch", correlating with Yearly VWAP VAH. Not exactly what I wished for bullish scenario, as the dip left untouched big liquidity pool under June close. And now, after the dip, it only became larger.
🎯 Key Levels to Watch:
• Above: 111490 / 112900 / 114150
• Below: 108208 / 107087 / 105010
🔥 BTC Liquidation Heatmap:
• Above: 111540 / 112620 / 114200
• Below: 109270 / 108186 / 107200
So we have another bounce within LTF downtrend and HTF uptrend. Not the easiest situation to trade. Even my unbreakable faith in bullish Q4 doesn't help, as it doesn't deny possibility for more downside moves. So I remain cautious with new spot trades for now (although I've already started accumulating major alts on that dip).
Short term expect liquidity hunt above 111500 and another re-test of Weekly 20sma (~109030). Won't try to predict the sequence of moves though.
⏰ TG alarms set for: 113621, 111490, 106700, Week & Daily 20-sma
TradingView: tradingview.com/symbols/BTCUSD
#BTCUSD #Crypto #Trading #cryptocurrency

Zen
@WiseAnalyze
09-01
Bounce target <110k achieved ✅
🎯 Key Levels to Watch:
• Above: 109400 / 110484 / 111490
• Below: 108208 / 107087 / 105010
🔥 $BTC Liquidation Heatmap:
• Above: 110540 / 113197 / 114230
• Below: 107200 / 106510 / 104985
The dip toward June close nearly touched that level x.com/WiseAnalyze/st…


✅re-test of Weekly 20sma (~109030)
✅liquidity hunt above 111500
Took $BTC long. Watching PA for the moment, when US decide to pull it back.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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