Bitcoin: Short Liquidity Signals Buying Zone

Michaël van de Poppe identifies the present Bitcoin zone as the level where buyers should step in, noting heavy short liquidity ready for sweeps and only one clear long-side target.

With midterms injecting volatility today, the trader advocates bidding into weakness rather than chasing.

Bitcoin trades at $77107.3 inside a bearish structure where price sits below both the EMA50 at $78633.18 and the EMA200 at $80908.06. The MACD death cross at -486.96 confirms downside momentum while RSI(14) at 39.88 remains neutral. Price is testing the upper Bollinger Band at $78649.04 with lower support at $76584.6; a rejection here would likely drive a quick retracement toward the EMA50 confluence before any sustained long continuation.