Flipping the Script: Shorting the Hyperliquid Breakdown While Bidding the Bitcoin Floor

Trade Set up #81

🟠BTC / USDT - MONDAY WRAP

LAST WEEK’S RALLY STALLED AT RESISTANCE | ASIAN SESSION SELLING TARGETS $61,312 | BID LONGS THERE FOR A RUN TO $67K

LAST WEEK IN REVIEW

Last week began with the short position from the prior entry near $64,525 being closed out in full profit once the lower timeframes turned convincingly bullish. From there, Bitcoin did exactly what that shift in structure suggested it would do, climbing steadily through the back half of the week and eventually tagging a high close to $64,696, which now stands as the previous week’s high on the chart. That push higher validated the bullish read at the time, but it also ran directly into the same kind of resistance that so often shows up on a first approach to a meaningful level. Rather than breaking through toward the original $67,000 target in one move, price stalled out at that resistance and turned back down heading into the weekend and into this morning’s Asian session, giving back a meaningful portion of the prior week’s gains in the process.

WHY THE ASIAN SESSION OPENED WITH SELLING

Bitcoin began today’s Asian session with renewed selling pressure, continuing the pullback that started after last week’s stall near $64,696. Every sell of this kind has a logical target attached to it, and in this case that target sits at $61,312. This is not an arbitrary number pulled from the middle of the chart. It lines up closely with a dense concentration of resting liquidity visible on the liquidation heatmap, a pocket of orders that the market has a persistent tendency to reach for once a move like this one gets underway. Seeing the technical sell target and the heatmap liquidity converge on the same general area adds real weight to the expectation that this is where the current leg down is headed.