BTC Current Consolidation is in a 8.6% price range and about to breakout in upwards direction.
There are multiple demand zones within this range and price is making higher lows, while tapping the supply and soon to break this sell wall.
We may soon see a short squeeze playing out.
BTC is holding the 90k level tightly.
Avoid high leverage positions while trading in this high volatile range.
Use risk management and your own analysis as well.
Note
Strong bounce at that level has spiked the volume & sentiments.
I am looking at next pause at 106k
Note - To avoid getting SL hunt, open positions with Order blocks. So far, so good.
Trade closed manually
104k was 0.5 deviation from the 4hr trading range and closed .
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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.