As smart as market makers are, there’s one thing I strongly believe, they rarely change their strategy. They tend to repeat the same moves over and over. I’m anticipating a liquidity sweep around 73k before price potentially reverses and moves down to take out the 60k lows. As a trader, I’m considering starting to build short positions above 70k to reduce my risk exposure by about 70%. What’s your take on this? Do you think price will drop from the current level, or are we more likely to see a liquidity sweep above 70k before the move down?
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$BTC
As smart as market makers are, there’s one thing I strongly believe, they rarely change their strategy. They tend to repeat the same moves over and over.
I’m anticipating a liquidity sweep around 73k before price potentially reverses and moves down to take out the 60k lows. As a trader, I’m considering starting to build short positions above 70k to reduce my risk exposure by about 70%.
What’s your take on this? Do you think price will drop from the current level, or are we more likely to see a liquidity sweep above 70k before the move down?