📊 BTC Update – June 22
🔹 Weekly Timeframe
BTC closed the week after sweeping the previous week's high, followed by a strong selling reaction. This suggests that liquidity above the highs may have been taken, with the weekly bias now leaning bearish.
🔹 Daily Timeframe
A significant BPR (Balanced Price Range) is currently acting as a key POI. In addition, BTC has formed a liquidity range between 62,222 and 64,744, where liquidity is resting on both sides of the market.
🎯 Trading Plan
The preferred scenario is to wait for price to sweep the liquidity resting above the range. Once liquidity has been taken, drop down to the M15 timeframe and look for a bearish CHOCH (MSS) accompanied by strong downside displacement. If confirmed, short opportunities will be considered in line with the higher-timeframe bias.
🎯 Liquidity Targets:
• 60,644
• 59,000
⚠️ Stay patient and wait for confirmation. Avoid chasing shorts before a clear bearish shift in market structure occurs.
📌 More detailed analysis:
https://t.co/5jm0CjV2wL