BTCUSDT 30-Min | Microstructure Breakdown at Key Confluence
Price Action:
BTC rejected from Fib 0.5–0.618 zone (110.2K–111.5K), aligning with rising channel resistance.
Failed breakout attempt above local highs (~109.6K) → price sharply reversed.
Clean breakdown from rising wedge/channel support (blue) and EMA cluster.
Support/Resistance:
Immediate support at 107.5K (red horizontal) now under pressure.
Next key support: 106.6K zone (channel lower bound, Fib cluster, previous demand).
Resistance remains strong at 109.8K–110.2K (gray zone + trendline).
Indicators:
Volume spike during recent breakdown = bearish confirmation
Multiple consecutive sell signals after EMA flattening = momentum shift
Minor bounce attempts got rejected at descending EMA stack
🎯 Quick Take:
Bias: Bearish below 108.2K
Scalp short active while price is under red horizontal + EMAs
Watch for bounce attempt near 106.6K–106.3K
Invalidation: Clean reclaim of 108.6K + bullish volume
BTC rejected from Fib 0.5–0.618 zone (110.2K–111.5K), aligning with rising channel resistance.
Failed breakout attempt above local highs (~109.6K) → price sharply reversed.
Clean breakdown from rising wedge/channel support (blue) and EMA cluster.
Support/Resistance:
Immediate support at 107.5K (red horizontal) now under pressure.
Next key support: 106.6K zone (channel lower bound, Fib cluster, previous demand).
Resistance remains strong at 109.8K–110.2K (gray zone + trendline).
Indicators:
Volume spike during recent breakdown = bearish confirmation
Multiple consecutive sell signals after EMA flattening = momentum shift
Minor bounce attempts got rejected at descending EMA stack
🎯 Quick Take:
Bias: Bearish below 108.2K
Scalp short active while price is under red horizontal + EMAs
Watch for bounce attempt near 106.6K–106.3K
Invalidation: Clean reclaim of 108.6K + bullish volume
A Haque
Founder | MyTradingJournal
📊 Financial Market Analyst | Trader | Educator
🐦 Twitter: @MyTradingJnl6th
📺 YouTube: @MyTradingJournal6th
Founder | MyTradingJournal
📊 Financial Market Analyst | Trader | Educator
🐦 Twitter: @MyTradingJnl6th
📺 YouTube: @MyTradingJournal6th
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.
A Haque
Founder | MyTradingJournal
📊 Financial Market Analyst | Trader | Educator
🐦 Twitter: @MyTradingJnl6th
📺 YouTube: @MyTradingJournal6th
Founder | MyTradingJournal
📊 Financial Market Analyst | Trader | Educator
🐦 Twitter: @MyTradingJnl6th
📺 YouTube: @MyTradingJournal6th
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.