My main scenario for today:
Expecting BTC to sweep the lows near 104,350, then see strong buying interest and a move up towards the yellow liquidity block around 106,300 by the end of the trading day. Ideally, I want to see this reversal on clear volume.
If there’s no strong buy reaction at 104,370 and buyers fail to step in, then I expect BTC to break lower — without reaching the yellow zone — and continue down by the width of the current channel.
Key zones:
Support: 104,350–104,370
Target if bullish reaction: 106,300 (yellow block)
Failure to bounce: deeper downside move, channel breakdown
Watching price action and volume closely at support for the next trade trigger.
Expecting BTC to sweep the lows near 104,350, then see strong buying interest and a move up towards the yellow liquidity block around 106,300 by the end of the trading day. Ideally, I want to see this reversal on clear volume.
If there’s no strong buy reaction at 104,370 and buyers fail to step in, then I expect BTC to break lower — without reaching the yellow zone — and continue down by the width of the current channel.
Key zones:
Support: 104,350–104,370
Target if bullish reaction: 106,300 (yellow block)
Failure to bounce: deeper downside move, channel breakdown
Watching price action and volume closely at support for the next trade trigger.
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.