Max Trades|Aug 03, 2026 11:42
BTC
Looks like we'll see $61K soon.
So far, price continues to respect the downtrend, forming lower highs and lower lows.
After the recent rejection from the local resistance area around $64K, price has now printed equal lows.
Most of the time, when we see equal highs or equal lows, price tends to revisit these levels sooner or later to take out that liquidity. I don't expect this time to be any different.
While one more move to the upside to sweep the recent high before reversing is definitely still possible, I believe the overall downtrend will resume and we'll see a sweep of the main liquidity cluster that is still sitting below.(Max Trades)
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