Technical analysis by Bpay13 about Symbol BTC on 2/17/2025

I believe the Bitcoin chart is currently undergoing a price correction and liquidity collection phase, presenting a high-risk trading opportunity within the market range. I consider the movement between liquidity points in the CME futures and options market databases to be of great importance in the traders' movement perspective. Following this short trade, I will enter a low-risk long trade with a target of $98,000, after which the price may want to collect the liquidity of $99,800 and perhaps $101,000. However, I will exit the trade after the $98,000 ceiling and wait and see to determine the ceiling of this movement. Currently, however, the micro data show a strong indication of the price's willingness to move towards $92,000 or $88,000. But let us not forget that this market is uncertain and anything can happen with a major news event. So do not forget capital management.