Max Trades|Oct 30, 2026 18:56
BTC
A sweep of $75k seems quite likely.
Back in September, we saw the previous leg up where price pushed into the yearly open region, rejected and
left behind equal highs right around $87k.
Since then, price is down roughly 12% from the local top and has now broken below our key support level at $79k.
Considering that the pmL remains untouched and this monthly candle is likely to close below support, a sweep of this low becomes increasingly likely.
A potential scenario I’m therefore observing is that we see another dump right at the monthly open where price briefly deviates below $75k, followed by a bounce back into the $80k region.
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