Liquidation Reference: $2.34173 (Long Liquidation: $1.5177K)
Entry Zone: $2.33 – $2.36
Stop-Loss: $2.42
Take Profit 1: $2.27
Take Profit 2: $2.21
Take Profit 3: $2.15
Market Analysis:
The long liquidation around $2.34173 suggests that leveraged buyers have faced selling pressure. This could create an opportunity for further downside if sellers maintain control. A rejection from the $2.33–$2.36 region would strengthen the bearish case, while a breakdown below $2.30 could expose lower support levels.
Invalidation: A sustained move above $2.42 invalidates the short setup.
Risk Management: Wait for bearish confirmation before entering. Manage leverage carefully and consider taking partial profits at each target.
#Bitcoin midterm election pattern
