BITCOIN (BTCUSD): Structure Trading Explained
Updated
BTCUSD is approaching a major daily resistance cluster.
40.800 - 41.500 is a potential reversal zone.
To catch a swing move from that,
wait for a bearish breakout of a bear flag that is formed on 4H.
We need at least a 4H candle close below its support to confirm a breakout.
Goals will be - 36.400 / 30.300
In case if the price violates a yellow zone,
setup will be invalid and bullish continuation will be expected.
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