🚀 Bitcoin Morning Update 🚀
Yesterday, we kept pushing up towards $95K, with a solid reaction at the 2-hour supply zone we were watching. While it didn’t give us the follow-through needed for a big swing trade, some traders could have caught a 2x or 3x move on lower timeframes just from that reaction.
Right now, the fractal structure is bullish, and as we kick off the London session, we’re sitting at one of the last key supply zones around $92.7K before testing $95K again.
🔥 Bullish case? We break through and continue higher.
🐻 Bearish case? We reject here and rotate all the way down—totally possible, since the primary structure is still bearish, and even the internal structure is leaning bearish right now.
📉 If we get a clear market structure change on the 15M with a decent retracement, I’ll be looking for a short. Right now, we have a mini close, but ideally, I’d like to see a deeper, more decisive close if this block is going to hold.
Have I seen these mini closes work before? Sure.
But is it better to err on the side of caution? Absolutely.
For now, I’ll be focused on scalping at these key levels with confirmation. Let’s see what the day brings! ⚡
Yesterday, we kept pushing up towards $95K, with a solid reaction at the 2-hour supply zone we were watching. While it didn’t give us the follow-through needed for a big swing trade, some traders could have caught a 2x or 3x move on lower timeframes just from that reaction.
Right now, the fractal structure is bullish, and as we kick off the London session, we’re sitting at one of the last key supply zones around $92.7K before testing $95K again.
🔥 Bullish case? We break through and continue higher.
🐻 Bearish case? We reject here and rotate all the way down—totally possible, since the primary structure is still bearish, and even the internal structure is leaning bearish right now.
📉 If we get a clear market structure change on the 15M with a decent retracement, I’ll be looking for a short. Right now, we have a mini close, but ideally, I’d like to see a deeper, more decisive close if this block is going to hold.
Have I seen these mini closes work before? Sure.
But is it better to err on the side of caution? Absolutely.
For now, I’ll be focused on scalping at these key levels with confirmation. Let’s see what the day brings! ⚡
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🎯JOIN ONLINE BOOTCAMP:
WHEN? Last Sunday each month!
tradejournal.co.uk/bootcamp/
🎯Join Discord Community: discord.gg/SFmbjseS89
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.
🎯BOOK 121 TRAINING MASTERCLASS: tradejournal.co.uk/book-1-to-1-master-class/
🎯JOIN ONLINE BOOTCAMP:
WHEN? Last Sunday each month!
tradejournal.co.uk/bootcamp/
🎯Join Discord Community: discord.gg/SFmbjseS89
🎯JOIN ONLINE BOOTCAMP:
WHEN? Last Sunday each month!
tradejournal.co.uk/bootcamp/
🎯Join Discord Community: discord.gg/SFmbjseS89
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.