ChenJiaguanA

70.4k this position is still quite interesting
Strong support twice
Yesterday midday we posted about the 70k range leaning towards Duo
From last night’s 72.8📉 to 70.4
Tonight, 70.4 held firm and the current market has already moved above 72k
Don’t say it’s hard to predict
The script was all given in advance by Jiaguan! ​​​

BTC liquidity map clearly defines the battleground
Above 75K has substantial liquidity
If momentum continues, this could become a key attraction
Below, 65K-66K remains a strong liquidity foundation
Any weakness may target this zone
The market is moving from one liquidity pool to another

There are two CME gaps near BTC
One large one at 84K, formed during the mid-February crash
Another at 67K
Formed over this weekend
These gaps are worth paying attention to
Because they may act like "magnets" attracting the price
And become local reversal zones when the price enters these areas (Chen Jiaguan)

We already mentioned during midday that
the price is hovering around the 72-72.5k range
Currently, the market has already given an answer
Opportunities are earned through waiting
The US stock market has false breakouts followed by pullbacks
BTC responds at 📉2k➕

BTC liquidity map shows clear indications.
Although prices have risen,
the current structure suggests that this trend is still driven by liquidity.
An important liquidity concentration area is located above 72K.
This region remains the main target.
Below,
the 68K-66K range has formed a strong liquidity pool. After an upward sweep,
there is still a possibility of a quick pullback.
Short-term scenario:
After the liquidity sweep above, a false breakout may occur,
followed by a downward move, with the target being a liquidation of the liquidity pool.
Market direction is drive

BTC1H
Failed to accelerate and break through the previous high
At the 72K level, the cautious traders exit
Aggressive traders enter
The first breakout often fails
Expect a pullback to the 70K range for another attempt
So, intraday is simple
A small correction to the 72-72.5 range is cautious
A pullback to the 70K range is cautious

From the liquidation heatmap, it is clear that within the 1/1 space,
from a reverse thinking perspective, sweeping multiple heads and sweeping the Kong head, it is obviously more painful for the main force to sweep the Duo head.
Large orders at the 60k level have a pulling effect.
Even if 60k is a bottom,
these bottom Duo orders must be liquidated before the true breakout.
Therefore, the next expectation is a secondary bounce.
Re-test the effectiveness of the 70k resistance level.
Then it will move into the white box area (Chen Jiaguan).

btc8H
Showing 60k-65k with crazy spot buy orders waiting at (Chen Jiaguan)

BTC opened today with a small CME gap
The price didn't move throughout the weekend
Until 30 minutes before the futures market opened
This is what caused the gap (Chen Jiaguan) ​​​

The BTC liquidity map is now clearly displayed.
There is a dense cluster of short liquidity above,
while below there is a broad long liquidity pool.
The price is currently being pushed higher, and delta has turned positive.
What does this mean?
The market may first target the short liquidity above,
but remember:
Once liquidity is taken, the risk of a reversal increases.
Summary:
Upward movement = liquidity target
Next = cautious zone

BTC
Market makers seem to prefer a further downward move
There is a large liquidity zone below
Between $66.3k and $65k
Meanwhile, there is a decent liquidity zone above between $67.3k and $68.2k
Another zone is between $69.4k and $70k
Although we might first see the price move upward,
sweeping through the first liquidity zone above,
I expect it will quickly continue downward afterward.
The likelihood of entering the second liquidity zone is low,
because that would require breaking through the current downtrend (Chen Jiaguan).

BTC 4H
Kongjun ultimately wins
Continuing to fluctuate downward
Waiting for a selling climax to clear the way
Then consider adding more longs
Minor resistance level around 67-67.5K
The main trend is still mainly rebound-based

BTC surged to $69,000 this morning, liquidating $257M in short positions!
In the past 24 hours, the total crypto market liquidation reached $448M!!!
Currently, the liquidity cluster in the $69,000-$71,000 range is relatively thin and may be swept—this could push the price to higher levels.
However, the liquidity in the $64,000-$66,000 range is about 3-4 times larger than the former and has accumulated, making it the next more likely area to be swept. (Chen Jiaguan)

Rebound without a proper pattern!
We have reached our first target above 68.5k.
We also mentioned earlier that
68-69k is a resistance zone.
Although the current market volume has increased, reaching as high as 69.2k,
it has not stabilized above 69k.
We are still in the resistance zone.
Duo Dan has already exited,
waiting for an opportunity to ambush Kong.

BTC has already reached the 67.5k level.
My first target is 68.5k.
It’s very likely to be stopped out before or after the US stock market opens tonight.
So, you can manually stop out.
Everyone following along, remember to fasten your seatbelt.
The market is still in an upward volume trend.
Those who are following along, please give a thumbs up.

BTC has been on hold until I finally got the opportunity to open a position.
It wasn't until early morning that the chance came.
Those who chased shorts at the bottom fueled the sell-off and are now crying.
Why does it drop when I open a long?
And rise when I open a short?
Obviously, you still don't understand the game of the market.
As I predicted, the market dipped downward to the 64.5k-65.2k range, with the rebound starting around 65K.
It just took out the previous long positions during the rebound and then moved higher.
There are also significant liquidations around the 64k