Max Trades|Jun 04, 2026 09:59
BTC
Due to the sharp selloff, two of the three remaining unswept lows have now been taken out.
To be honest, this happened a little earlier than expected, as I was anticipating a small relief bounce after the sweep of the $65k low.
Instead, price continued lower and has now cleared the low at $62.8k as well.
That leaves only the capitulation wick below, which has been the main downside target from a liquidity perspective for the past four months.
If BTC manages to break below $63k, a sweep of that wick becomes increasingly likely.
Once that happens, I believe we will be entering the area where the best spot buying and swing long opportunities start to emerge.
Until then, the downside target remains unchanged.(Max Trades)
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