Decent drop here from Bitcoin.

Nothing like a bit of War FUD to liquidate people!
Right now we are range trading since the $60k bottom.
When we trade in a range, liquidity builds up.
And although people don't like it happening, the healthiest lows form when the price takes out the lowest levels in a range a sweeps up the liquidity.
You very often see the price take out the lows, lead people into a trap, and deviate back into the range.
If we take out the lows on this range here below $60k it would probably be the most ideal scenario for an anxiety free reversal.
This is because if we do not take out the lows, there is always a worry they will go back for them.
What I will be watching out for if we get to the lows is:
1. How price behaves as it drops below $60k
2. What level of absorption are we getting
3. How many late shorts open
4. How loud the bears get "We're going to $30k"
If it looks good, I will open a very decent sized long and play the deviation sweep as everyone screams for $30k.
Also, we have the 200D EMA at $58k.. that would be an ideal target depth for this sweep.
We may not even get to the lows, so we look at each key level and see how price behaves as we go.
When we are range trading watching liquidity sweeps at key levels is the best play to win trades.
Lastly, all this is happening the end of the month, on a weekend, before all the things happening at the start of March.
We have volatility ahead for sure.
Stay safe and trade smart.