Bitcoin is currently showing signs of a potential retracement into a premium zone before possibly continuing lower. Here's my idea:
🔹 Market Structure: After a strong move up and a local top, price is forming a potential M-pattern with lower highs.
🔸 Rejection Zone: Watching the 0.75 zone (~106.5k–107k) for possible rejection – aligns with previous structure and imbalance.
🟩 Bearish Target: First discount PD array marked between 98k and 100k.
🟥 Invalidation: Clean break above 109k invalidates the short idea.
🔄 Trade Plan:
Wait for confirmation (rejection + bearish structure) around the 0.75 zone.
Look for entry on lower timeframes (M15–H1).
Partial TP around 101k–102k.
Final target near 98k.
📌 Not financial advice – do your own research.
🔹 Market Structure: After a strong move up and a local top, price is forming a potential M-pattern with lower highs.
🔸 Rejection Zone: Watching the 0.75 zone (~106.5k–107k) for possible rejection – aligns with previous structure and imbalance.
🟩 Bearish Target: First discount PD array marked between 98k and 100k.
🟥 Invalidation: Clean break above 109k invalidates the short idea.
🔄 Trade Plan:
Wait for confirmation (rejection + bearish structure) around the 0.75 zone.
Look for entry on lower timeframes (M15–H1).
Partial TP around 101k–102k.
Final target near 98k.
📌 Not financial advice – do your own research.
Trade active
still going hope you are in 
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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.