Currently, the trend on BTCUSD is bearish. On the 4-hour chart, I’m watching for a reaction at the Balanced Price Range (BPR) zone. This area aligns with a daily Rebalanced Breaker (-RB), adding higher time frame confluence.
In addition to the BPR, there’s an Order Block (OB) within the same region, and a nearby swing high, which strengthens the case for a bearish reaction. If price respects this zone, I expect continuation to the downside targeting the 98,000 and the 96,000 price level.
In addition to the BPR, there’s an Order Block (OB) within the same region, and a nearby swing high, which strengthens the case for a bearish reaction. If price respects this zone, I expect continuation to the downside targeting the 98,000 and the 96,000 price level.
Note
BTCUSD 4-Hour Analysis – Sell Idea UpdatePrice surged into my Point of Interest (POI) much faster than anticipated, which raises caution. Currently, price is accumulating within this POI, suggesting a potential distribution phase.
If we get a valid bearish confirmation—such as a break in market structure or rejection from the POI's then we could see price drop lower as expected. However, if price continues to push aggressively above the POI, this setup will be invalidated.
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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.