Strategy – Hunting Liquidity or Hitting a Wall? A Pro Futures Setup.
Bitcoin is currently battling a critical psychological and technical junction at $65,869. After failing to reclaim the $68,410 high, we are seeing a classic "exhaustion" pattern. Here is how a pro handles this tape:
The Technical Wall: The 200-week Exponential Moving Average (EMA) sits near $68,300. In pro trading, a weekly close below this level often signals a "Bearish Acceleration". We are currently trading under this line, making every relief rally a potential "sell-the-rip" scenario.
Macro Context: Strong US jobs data has cooled expectations for immediate rate cuts, pushing BTC toward a "risk-off" consolidation phase similar to the first half of 2022.
The Futures Play:
Short Bias: If BTC retests $67,300 (previous consolidation boundary) and fails, it’s a high-probability short entry toward the $60,000 psychological floor.
Long Bias: Only valid if we see a decisive reclaim of $68,300 on high volume, signaling a "failed breakdown".
Professional Sentiment: Watch the Mayer Multiple. We are currently in "oversold" territory (below 0.8), which historically suggests that while the short-term trend is bearish, we are entering a prime long-term accumulation zone.
Trader's Note: Don't fight the trend. The path of least resistance is currently down until $65,520 is defended.
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