CryptoZeno

$BTC Monday.
Bulls need to hold 64K. If we hold 64K then we can easily test 67K & squeeze some more shorts.
On the other hand, unable to hold 64K an we go right back below 60K & this pump was just a scam wick to bait longs.
Observing London/NY today will be key in determining whether Monday marks a pivot high before downside, or if we see continuation for further upside.

$BTC Update & Hyblock Heatmaps
Bitcoin is exactly at the level I expected it to go. 65.7k is the line in the sand:
Reject here and I would read this as bearish confirmation and short entry.
Reclaim this level as support and I would read the wicks to 59k as a sweep of the low before we go into the 70s-range again.
Plan is ready, now we wait for execution. Have a great start into the week and see you soon!

$BTC Just like 60K came, new lows will come too.
Bottoms take weeks to form, not just one simple sweep.
I'll look to continue adding to my positions when it does.

$BTC positioning
> OI continues to rise gradually while funding turned negative
> Spot buying improving while Retail increasingly leaning short
> Price responds and grows
Meanwhile, long short distribution is getting skewed
>Long liq levels: 331; Short liq levels: 106. Delta: +225
~$8B liquidity imbalance -> longs in risk but order flow does not overheat yet
Largest short-term liquidity cluster remains above at 65k.
Below, the most meaningful concentration sits around 62.7k-62k in proximity, which would be a healthy pullback zone if tested.
Thin order books + rising OI + negative funding = sq

$BTC Price is currently trying to break out of the ascending triangle / double bottom.
The last time we saw this pattern after a leg down, a 20% pump followed shortly after the breakout.
The technical target of this formation is around 70k, which sits right inside a daily imbalance.
One of my favored scenarios at the moment is a move higher followed by a rejection from that imbalance.
That said, I’d much rather see this breakout happen next week than over the weekend.
Weekend breakouts tend to be less reliable and have a higher chance of being a fakeout.

$BTC This time wasn't different...
Building a bearish narrative into my 4–6th pivot has consistently formed a local low.
Price is now up almost 9% since.
Closed my long.

$BTC Going into the next week, I'm observing these two scenarios that are likely to play out:
The first scenario is where we reject from the Daily FVG / Weekly Bearish Continuation region between 64.7k-65.7k. This area is currently a major liquidity pool, and I expect it to be taken out.
If we manage to reclaim 65.7k, then a push towards 68.2k will come into play. That level is where we have the current Quarterly Open, and a rejection from there is quite likely considering we dumped aggressively at the start of the month.
Whenever we see an aggressive move on a Monthly Open, whether it's a pum

$BTC We are currently in extremely oversold territory.
Looking at past bear market bottoms, we mostly saw similar oversold levels to what we’re seeing at the moment.
Many people see this and call for the bottom, but fail to notice that Bitcoin can remain oversold for a long time.
While this is not a definitive sign that the bottom is in, it does tell us that we are in bottom territory and that the downside potential becomes increasingly limited.

$BTC continues to let the trending dots catch-up.
Trending dots are currently $67,220.
RSI buy signal but in bearish territory.

The $BTC CVD indicator shows brown whale buying.
The largest whale is buying again.
The sell wall at 65k is the only resistance.

$BTC weekend outlook
Short-term liquidity remains fairly balanced, but there are a few notable clusters.
> Decent liquidity sits just above local highs.
> Significant short-term liquidity remains around the 61k region.
Liq levels delta: +167 in favor of downside liquidity
-> Imbalance: roughly $6B -> longs slightly more at risk
> Largest signle liq levels sit around 62.4k and 61.1k. Those are likely to act as both magnets and reaction zones, especially over the weekend.
-> Order books remain relatively thin. it takes less capital to push price into positioning
My expectation remains the same:

Large $BTC sell orders have emerged around the $64,000-$65,000 level.
Sellers are trying to stop any breakout here.

$BTC Hoping we get a wick upward soon.
Definitely the area to observe.

$BTC Over the past few hours, we saw a small pullback where price retraced into the Golden Pocket of the recent up move as well as the previously reclaimed resistance level.
So far, this looks like a healthy pullback within the broader uptrend and a potential higher low in the making.
I still expect a push higher and eventually a sweep of the Monday high around $64.2k.
If that happens, I will be watching closely for a reaction. Should we see a strong rejection followed by a break of structure, I will most likely look for a short opportunity.

$BTC Update & Hyblock Heatmaps
Bitcoin bouncing a bit as expected, waiting for the reaction at 65.7k

$BTC Whale Games
The SAME exact whale has limit orders both above AND below.
Upside: 64.1-64.5k
Downside: 62.2 - 62.6k
Interesting strategy...
Which side do you think gets hit first?

$BTC Low Leverage Shorts At Risk
Remember, this market follows liquidity...
And there is a large chunk of it sitting in the 64-66k range.
Probably shorts from the 59-60k range.
What a shame