Hello Traders,
Bitcoin remains in a local trading range, with price rejecting from the range high after a liquidity sweep. An oversold bounce is now testing resistance, and failure to reclaim the range high could trigger a move toward the range low.
• Price tapped the range high, swept liquidity, and dropped back into the range.
• An oversold bounce is retesting resistance—failure here could lead to the range low.
• Liquidity remains below the range low; a sweep and reclaim could confirm a reversal.
Until then, Bitcoin is likely to remain in a rotational structure, requiring patience for high-probability trade setups.
Bitcoin remains in a local trading range, with price rejecting from the range high after a liquidity sweep. An oversold bounce is now testing resistance, and failure to reclaim the range high could trigger a move toward the range low.
• Price tapped the range high, swept liquidity, and dropped back into the range.
• An oversold bounce is retesting resistance—failure here could lead to the range low.
• Liquidity remains below the range low; a sweep and reclaim could confirm a reversal.
Until then, Bitcoin is likely to remain in a rotational structure, requiring patience for high-probability trade setups.
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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.
Join our free telegram for market updates: t.me/chartdoctorsanconsultants
Trade here with the best exchange: blofin.com/invite/alchemisttrader
Trade here with the best exchange: blofin.com/invite/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.