Liquidity Grab Completed – Bulls Back in Control?

Aug 29

Liquidity Grab Completed – Bulls Back in Control?

Key Technical Insights:

Resistance Rejection: Price sharply rejected the 120K – 123K resistance zone, confirming this area as a key supply level.

Bearish Liquidity Flow: After rejection, BTC flowed within a descending liquidity channel, continuously taking out internal supports before finding a base.

Previous Support → Liquidity Sweep: Around 108K, price executed a strong liquidity sweep, triggering stop hunts below prior support, then showing a bullish reaction.

Market Structure Shift Incoming: The sweep suggests a potential accumulation phase, where institutions collect orders before pushing price higher.

Upside Targets: If price holds above the reclaimed support at 112K, bullish momentum could aim for 116K – 118K in the near term ⭐.

⚠️ Risk Consideration: A failure to sustain above 108K would invalidate the bullish outlook, opening room for deeper downside.

📌 Summary:
BTCUSD is transitioning from a liquidity-driven decline into a possible reversal phase. The liquidity sweep at 108K could mark the start of a bullish leg if structure confirms with higher highs. Traders should monitor 112K as the short-term pivot point.

Sep 1

Trade active

BTCUSD — Trade Active

Entry Confirmed: The price has broken above the resistance level and triggered the entry—position is now live.

Directional Bias: Bullish setup in progress, with upward momentum observed on the selected timeframe.