Hey Fellow Traders! 👋
Bitcoin (BTC) has been on a wild ride after hitting its all-time high (ATH)! 📈 Since then, it’s been consolidating, generating liquidity, and setting the stage for the next big move. Meanwhile, altcoins are absolutely booming, stealing the spotlight! 💥 As we kick off the week, let’s dive into what’s happening with BTC and what to watch for.
📊 Technical Analysis Breakdown
Here’s what I’m seeing on the charts:
Head and Shoulders Pattern: A clear head and shoulders has formed on BTC, signaling a potential bearish move. 🐻
Daily Timeframe Order Blocks: These are in play, showing key levels of support and resistance.
Filled Fair Value Gap (FVG): A recent FVG on the daily chart has been filled, but there’s still a beautiful 4H FVG waiting to be tested below.
Liquidity Sweep: After the ATH, BTC needs to clear the liquidity from the past few days before it can push for new highs.
🔍 What’s Next for BTC?
I’m expecting a bearish reaction in the near term, with BTC targeting the sell-side liquidity around $115,800. This move should also fill the 4H FVG, setting the stage for a potential bounce and another shot at the ATH. 🚪 Keep an eye on these levels, as they’ll be critical for the next big move!
🔔 Stay in the Loop!
Let’s keep the conversation going! 💬 Follow for more updates, like if you found this helpful, and drop a comment with your thoughts or what you’re seeing in the markets. Are you trading BTC or riding the altcoin wave? Let’s hear it! 👇
Happy trading, and let’s make this week count! 💪
#Crypto #Bitcoin #Trading #TechnicalAnalysis
Bitcoin (BTC) has been on a wild ride after hitting its all-time high (ATH)! 📈 Since then, it’s been consolidating, generating liquidity, and setting the stage for the next big move. Meanwhile, altcoins are absolutely booming, stealing the spotlight! 💥 As we kick off the week, let’s dive into what’s happening with BTC and what to watch for.
📊 Technical Analysis Breakdown
Here’s what I’m seeing on the charts:
Head and Shoulders Pattern: A clear head and shoulders has formed on BTC, signaling a potential bearish move. 🐻
Daily Timeframe Order Blocks: These are in play, showing key levels of support and resistance.
Filled Fair Value Gap (FVG): A recent FVG on the daily chart has been filled, but there’s still a beautiful 4H FVG waiting to be tested below.
Liquidity Sweep: After the ATH, BTC needs to clear the liquidity from the past few days before it can push for new highs.
🔍 What’s Next for BTC?
I’m expecting a bearish reaction in the near term, with BTC targeting the sell-side liquidity around $115,800. This move should also fill the 4H FVG, setting the stage for a potential bounce and another shot at the ATH. 🚪 Keep an eye on these levels, as they’ll be critical for the next big move!
🔔 Stay in the Loop!
Let’s keep the conversation going! 💬 Follow for more updates, like if you found this helpful, and drop a comment with your thoughts or what you’re seeing in the markets. Are you trading BTC or riding the altcoin wave? Let’s hear it! 👇
Happy trading, and let’s make this week count! 💪
#Crypto #Bitcoin #Trading #TechnicalAnalysis
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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.
Related publications
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.