Price is caught between key levels:
• Support: $101.8k (4H demand)
• Resistance: $106.6k–107.1k (4H supply zone)
Current structure suggests range-bound price action with low conviction for directional trades until one of these levels is broken.
Plan:
🔁 Range: $101.8k–$106.6k
• Expect multiple drives and fakeouts
• Ideal zone for scalping only, take profits fast
• Avoid breakout anticipation — let the level break first
🚀 Breakout Scenario:
• Flip of $106.6k opens the path to new ATHs
• Break and hold above → long trigger to $110k+
📉 Breakdown Scenario:
• Loss of $101.8k leads to $100k–$98k zone
• Break below $100k = deeper market flush possible
📌 No big move expected until range resolves. Patience and precision are key.
• Support: $101.8k (4H demand)
• Resistance: $106.6k–107.1k (4H supply zone)
Current structure suggests range-bound price action with low conviction for directional trades until one of these levels is broken.
Plan:
🔁 Range: $101.8k–$106.6k
• Expect multiple drives and fakeouts
• Ideal zone for scalping only, take profits fast
• Avoid breakout anticipation — let the level break first
🚀 Breakout Scenario:
• Flip of $106.6k opens the path to new ATHs
• Break and hold above → long trigger to $110k+
📉 Breakdown Scenario:
• Loss of $101.8k leads to $100k–$98k zone
• Break below $100k = deeper market flush possible
📌 No big move expected until range resolves. Patience and precision are key.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.