Grabbing liquidity at 87,000 and heading up – target: +102,700

The correction we are observing now is typical for this time of year (late December – early January). At the end of the year, institutional investors close positions to report profits to their investors (if they have any, of course), and many traders take winter holidays during the pre-New Year period. Market activity (which doesn’t necessarily mean growth) usually starts picking up from the second week of January. 🌡️

So, no panic, no sudden moves! Instead, while everyone else is selling in a rush, we look for entry points to reap the rewards later. 🚀

Now, what about Bitcoin? First of all, we see that the price has approached the key support level of $91,000 and slightly bounced back.

In fact, we have already entered the area of unrealized long liquidity, which ends at the $87,000 mark. It’s logical to expect this liquidity to be absorbed, as Bitcoin needs fuel for further growth. We might dip slightly lower – down to 85,000. If we don’t rebound from this level, the drop could be sharp and significant – the next major liquidity zone is below $70,000.

Therefore, entering with a stop-loss is mandatory! 🚫

Here’s the entry point:

🔹 BTCUSDT - Long
📥Entry price: $87,000 – $90,000
🎯Target: $102,700
🛑Stop-loss: $84,450

Happy trading, everyone! 💰