According to Miles Deutscher, in a market update with expert trader ParadiseXBT_, the recent $103,000 sweep was accurately anticipated, and ParadiseXBT_ now expects further downside pressure in the cryptocurrency market (source: @milesdeutscher via Twitter, June 3, 2025). The update highlights essential charts for traders, focusing on short-term support and resistance levels that could impact Bitcoin and altcoin price action. Their trading strategy emphasizes risk management and the importance of monitoring liquidity zones as the market shows signs of bearish momentum. This analysis is crucial for crypto traders aiming to adjust their positions and capitalize on potential volatility in the coming sessions.

According to Miles Deutscher, traders can use the volume profile as an advanced tool to complement basic technical analysis in cryptocurrency markets. While not a primary price action indicator like Stoch RSI, the volume profile helps identify key levels of trading activity, providing additional confluence for entry and exit decisions. This method allows crypto traders to spot high-volume nodes, which often act as support or resistance, enabling more data-driven trading strategies (Source: @milesdeutscher on Twitter, May 14, 2025).