Bitcoin is approaching a critical decision point after consolidating near recent highs. Price has formed a tight range just below a major Liquidity Zone (marked in blue), while sitting on a strong ascending trendline.
🔹 Liquidity Zone (~$121K): This is a key area where stop hunts and fakeouts often occur. If price pushes into this zone without follow-through, expect a possible reversal.
🔹 FVG + Fibonacci Confluence (~$109K–$110K): This green zone is a key demand area. If price retraces, this could act as a magnet for buyers and potentially offer a high R/R long opportunity.
🔹 Ascending Trendline: So far respected well. A break below it could signal weakness and increase the probability of a revisit to the FVG zone.
Scenarios to Watch:
✅ Breakout above Liquidity Zone → Could trigger continuation toward new highs.
🔁 Rejection from Liquidity Zone + break of trendline → Watch for retrace into FVG zone.
📊 Bias: Neutral short term – waiting for breakout or FVG test.
🔹 Liquidity Zone (~$121K): This is a key area where stop hunts and fakeouts often occur. If price pushes into this zone without follow-through, expect a possible reversal.
🔹 FVG + Fibonacci Confluence (~$109K–$110K): This green zone is a key demand area. If price retraces, this could act as a magnet for buyers and potentially offer a high R/R long opportunity.
🔹 Ascending Trendline: So far respected well. A break below it could signal weakness and increase the probability of a revisit to the FVG zone.
Scenarios to Watch:
✅ Breakout above Liquidity Zone → Could trigger continuation toward new highs.
🔁 Rejection from Liquidity Zone + break of trendline → Watch for retrace into FVG zone.
📊 Bias: Neutral short term – waiting for breakout or FVG test.
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.