Despite a short-term relief bounce after Monday’s drop, BTC remains below the critical 1D MSS + S/R (red box). Structure is weak until this level is reclaimed. Bears remain in control as long as price can’t close above 115.7k.
Plan:
Maintain bearish bias while below the red box — expecting new lows, targeting the green demand/OB cluster around 108.3k.
Flip the red box (close above 115.7k) and the outlook shifts to neutral or bullish.
Plan:
Maintain bearish bias while below the red box — expecting new lows, targeting the green demand/OB cluster around 108.3k.
Flip the red box (close above 115.7k) and the outlook shifts to neutral or bullish.
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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.