This morning's sessions have steadily pushed BTC into the 4-hour Bearish Order Block, with a key level at 59,570.62. If we lose this level, we could shift to a bullish bias or enter a C-leg pullback mode, targeting a high of exactly 70,000.00.
In summary, if the NY session breaks through the 4H OB, we'll look to scalp long, focusing on 5-minute structure pullbacks for quick in-and-out trades while leaving runners. Conversely, if the OB holds and we see a downward move, we’ll scalp short within the 5-minute ranges.
There isn’t much to go on right now, but charts are rarely perfect. Stay flexible and ready to adapt to what the market presents.
In summary, if the NY session breaks through the 4H OB, we'll look to scalp long, focusing on 5-minute structure pullbacks for quick in-and-out trades while leaving runners. Conversely, if the OB holds and we see a downward move, we’ll scalp short within the 5-minute ranges.
There isn’t much to go on right now, but charts are rarely perfect. Stay flexible and ready to adapt to what the market presents.
Daniel P. Fadejev
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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.
Daniel P. Fadejev
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.