BTC Weekly Update

13 Jun 2023 · 1 min
0:47

In this segment of the BTC Weekly Update, the host from The Art of Crypto presents a concrete trade idea based on the 1‑hour Bitcoin chart. He explains that a recent displacement represents a liquidity sweep, which he interprets as the market taking sell‑side liquidity before moving higher. He marks an order block around $25,870, proposes waiting for price to retrace to that level (the high of the block) and then using a Fibonacci retracement drawn from the swing low to swing high to anticipate a 0.705 retracement. Upon a bullish candle closing above the block, the plan is to enter long, set a stop‑loss at the wick low, and target a move of roughly 5.5‑5.84% higher. The analysis combines market‑structure concepts, order‑block identification, Fibonacci levels, and risk‑management rules to outline a short‑term bullish trade.

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