Bitcoin Soars to 68K: Trader’s Witty Moves and Liquid Gold!

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Ah, behold the majestic Bitcoin, galloping forth to $68K as a trader, with a wink and a nod, trims a mere 15% of his longs, casting his gaze towards the shimmering horizon of $73K, whilst noting the liquidity gathering like an expectant crowd at $65.2K.

In this grand theater of finance, Bitcoin finds itself dancing near the illustrious $68,000 mark, as our protagonist-an astute market player-casually reports snipping off a slice of profits from his long-standing position. How quaint!

This delightful maneuver followed a steady ascent from the depths of despair, where the $63,000 mark lay waiting like a well-placed trap, previously identified by our trader as a potential bottom in the whimsical game of market oscillation.

Bitcoin: The Elasticity of Range

As per our celestial guide, Astronomer, Bitcoin continues to pirouette within its established range after a bounce from the beleaguered $63,000 level. A true spectacle for the ages!

He muses, with the gravitas of a philosopher, that markets are not merely slaves to the upward or downward whims; they possess a penchant for horizontal lounging too, much like a cat in a sunbeam.

From his lofty perch, he perceives the current structure as a reflection of this delightful indecision.

In a missive on X, he proclaimed that $65,700 was a prime entry point, where liquidity beckoned like a siren’s call. Limit orders were strategically laid out, and lo! The price graciously obliged during the following session, allowing for profits to blossom unscathed.

Bitcoin then gallantly surged towards the vaunted $68,000, riding the upward trend like a knight on a noble steed.

The trader, ever the philosopher of profit, attributed this movement to a correct alignment of intraweek bias, noting how price action revered the short-term structure during its glorious ascent.

The Liquidity Mirage at $65,200

Yet, amid this celebration, our trader discerned a burgeoning liquidity around $65,200, lurking just below-a shadowy figure in the corner of a bustling tavern.

He cautioned that this area might entice prices if the fickle winds of short-term conditions shift. A technical landmark in that domain had also been noted.

“Fear not,” he assured, “a dip to $65,200 will not shatter the broader range outlook.” Instead, he whimsically described it as a possible sweep before a triumphant continuation higher-a plot twist worthy of a great novel!

Longs.

68K achieved, a modest TP here (details to follow)

Ah, the longs continue to feel snug, now basking at 68K.

This is no mere coincidence; we likely navigated the intraweek bias with finesse, trading the hourly ascension as it ought to be.

I have faith in


– Astronomer (@astronomer_zero)

Our trader further pondered that Fridays could bring about dramatic shifts in the intraweek trend, like a plot twist in a soap opera. This pattern, while adding a sprinkle of uncertainty, did little to dim the overarching expectation that remains intact. Price behavior around these liquidity zones shall be scrutinized like a hawk eyeing its prey.

Related Reading: BTC Shorts Retreat from $72K as Traders Face the Most Challenging Act of Trading

Partial Profit Harvested at $68,000

At the illustrious $68,000, our trader recounted the closure of an additional 15% of his position, a move inspired by faint concerns, yet his bullish aura remained unscathed.

Having earlier trimmed, he gleefully reported that 55% of his original position has now been elegantly shut down.

The remaining portion, he confided, is poised for a potential leap beyond the $70,000 threshold, with the next glimmering target set at $73,000, all within the confines of the current range framework.

However, immediate breakout beyond this realm? Don’t hold your breath!

“If we plunge straight to $65,200 from here, I’d wager that’s a better setup for ascension,” he quipped.

He added that a jaunt to $73,000 could unveil a tempting short opportunity back toward $65,200, provided the range conditions decide to play nice.

The strategy was meticulously crafted, a structured blueprint of action. The trader underscored the importance of defined entries, partial exits, and predetermined risk levels-like a recipe for a fine soufflé.

Thus, Bitcoin’s frolicking price action near $68,000 mirrors the vibrant pulse of active participation within this grand tapestry of a broader range environment.

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2026-02-13 01:37