BTCUSD: Why Bitcoin Remains Bullish and Its Next Potential Move
Updated
Bitcoin is still maintaining a bullish trend on an hourly basis, showing us ongoing bullish sentiment in the short term.
There's an anticipation for the price to reach the 8-hour liquidity level, suggesting potential upward momentum in the coming days.
Otherwise, if the price fails to sustain its bullish momentum and instead closes below the 8H invalidation level, it would signal a shift in market trend from the hourly standpoint. (short-term)
Until then the only valid zones remaining valid for potential long entries are going to be the X1/8H and X1/3D.
8H:
3D:
There's an anticipation for the price to reach the 8-hour liquidity level, suggesting potential upward momentum in the coming days.
Otherwise, if the price fails to sustain its bullish momentum and instead closes below the 8H invalidation level, it would signal a shift in market trend from the hourly standpoint. (short-term)
Until then the only valid zones remaining valid for potential long entries are going to be the X1/8H and X1/3D.
8H:
3D:
Trade active
Note
2nd potential entry after a breakout above INT level (Intermediary Break)Note
BasedNote
Delivering perfectly as per the bias sent aboveNote
In case if price makes another pullback this zone is going to act as our next potential entryNote
X1/1H holding up from the 8H mitigation expecting price to clear out these highsTrade closed: target reached
Perfect price delivery as anticipated
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