Hello traders,
Today we’re focusing on Bitcoin’s intraday timeframe to identify potential trade setups and key price levels. Over the past week, BTC has been moving sideways, forming a defined intraday range. Understanding this structure can help us anticipate likely rotations and plan trades accordingly.
Key Technical Points:
• Established Range: High at $87,459 and low at $80,692 – price continues to rotate within this zone.
• Short Setup Objective: Watch for weakness on a retest of $86,037 to potentially short back down toward the range low.
• Significant Liquidity Levels: Major high at $88,560 and key low at $76,545 – likely future targets if internal structure breaks.
The current intraday structure suggests Bitcoin is stuck in a sideways range. If price rejects at $86,037, this could offer a high-probability short opportunity targeting the lower range boundary. On the flip side, holding above the point of control could fuel an impulsive move toward upper resistance.
From a trading perspective, this is still a rotational environment. Until we see a clean break of the range highs or lows, it’s likely BTC continues to chop within these bounds. As always, discretionary trade management is crucial—especially in range-bound conditions where false breakouts can occur. Patience and reaction over prediction remains key.
Today we’re focusing on Bitcoin’s intraday timeframe to identify potential trade setups and key price levels. Over the past week, BTC has been moving sideways, forming a defined intraday range. Understanding this structure can help us anticipate likely rotations and plan trades accordingly.
Key Technical Points:
• Established Range: High at $87,459 and low at $80,692 – price continues to rotate within this zone.
• Short Setup Objective: Watch for weakness on a retest of $86,037 to potentially short back down toward the range low.
• Significant Liquidity Levels: Major high at $88,560 and key low at $76,545 – likely future targets if internal structure breaks.
The current intraday structure suggests Bitcoin is stuck in a sideways range. If price rejects at $86,037, this could offer a high-probability short opportunity targeting the lower range boundary. On the flip side, holding above the point of control could fuel an impulsive move toward upper resistance.
From a trading perspective, this is still a rotational environment. Until we see a clean break of the range highs or lows, it’s likely BTC continues to chop within these bounds. As always, discretionary trade management is crucial—especially in range-bound conditions where false breakouts can occur. Patience and reaction over prediction remains key.
Free Alpha Group t.me/freetradingden
Unlock up-to $8,000 USDT in bonuses, only at Blofin - Link Below to start Trading.
partner.blofin.com/d/alchemisttrader
Unlock up-to $8,000 USDT in bonuses, only at Blofin - Link Below to start Trading.
partner.blofin.com/d/alchemisttrader
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.
Free Alpha Group t.me/freetradingden
Unlock up-to $8,000 USDT in bonuses, only at Blofin - Link Below to start Trading.
partner.blofin.com/d/alchemisttrader
Unlock up-to $8,000 USDT in bonuses, only at Blofin - Link Below to start Trading.
partner.blofin.com/d/alchemisttrader
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.