
                                    <div>
                                      <h3>Market View</h3>
                                      <p>Bearish on BTC; further downside if the range breaks</p>
                                      <h3>Trading Strategy</h3>
                                      <p>Staying on the sidelines and waiting for the situation to settle</p>
                                      <h3>Core Logic</h3>
                                      <p><ol>
    <li>
Major sell-off from Galaxy Digital, part of an 80K BTC whale
    </li>
    <li>
continued selling pressure could lead to a retest of ~$113.5K if the range breaks
    </li>
</ol></p>
                                    </div>
                                    

$BTC Testing its range low and swept the local liquidity.
Most of this sell off is coming from Galaxy Digital which has sent $2B+ of Bitcoin to exchanges to sell. This is still part of that 80K BTC whale. The Bitcoin price has stalled ever since those coins started moving.
A break down from this range should lead to a retest of ~$113.5K next which could be a decent level to look for if that happens.
For now, still in the range but if more coins are going to get sold off that's going to be difficult to hold on to.
Personally just chilling waiting for this to blow over.

Signal Square

$BTC Pretty tight range considering this is trading near all time highs.
Keep an eye out for these local highs & lows for a potential liquidity sweep.
Most volume has been traded at this ~$118K area which is the mid range. You could watch that as a lower timeframe

Daan Crypto Trades

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