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Market Structure & Key Levels
The chart presents a 4-hour timeframe analysis of Bitcoin (BTC/USDT) on Binance. The price action is contained within a large consolidation zone, with two distinct liquidity hunts labeled:
Currently, BTC is breaking down from the upper range, indicating a potential shift from consolidation to a bearish move.
Key Observations
Liquidity Hunts & Market Manipulation:
The price previously swept liquidity from both the upper and lower boundaries before retracing inside the consolidation zone.
This suggests a classic liquidity grab before a bigger directional move.
Potential Breakdown Structure:
The price has tested resistance near the upper boundary and has been sharply rejected.
The price has broken below the mid-range consolidation and is showing weakness.
The projected path suggests a breakdown towards $81,400 - $80,200.
Bearish Bias Confirmation:
The drawn forecast indicates a lower high formation, followed by a continuation to the downside.
If BTC loses support around $92,000 - $90,000, it could accelerate towards the $82,000 - $81,500 demand zone.
Key Levels to Watch
Resistance: $100,000 - $102,000 (previous consolidation resistance)
Support: $92,000 - $90,000 (key breakdown zone)
Bearish Target: $81,500 - $80,000
Conclusion
The analysis suggests a potential bearish breakout below the range. Traders should monitor break-and-retest confirmations at key support/resistance levels before making decisions. If BTC fails to reclaim the mid-range, a move towards $81,500 becomes highly probable.
Market Structure & Key Levels
The chart presents a 4-hour timeframe analysis of Bitcoin (BTC/USDT) on Binance. The price action is contained within a large consolidation zone, with two distinct liquidity hunts labeled:
- The first hunt at the lower boundary
- The second hunt at the upper boundary
Currently, BTC is breaking down from the upper range, indicating a potential shift from consolidation to a bearish move.
Key Observations
Liquidity Hunts & Market Manipulation:
The price previously swept liquidity from both the upper and lower boundaries before retracing inside the consolidation zone.
This suggests a classic liquidity grab before a bigger directional move.
Potential Breakdown Structure:
The price has tested resistance near the upper boundary and has been sharply rejected.
The price has broken below the mid-range consolidation and is showing weakness.
The projected path suggests a breakdown towards $81,400 - $80,200.
Bearish Bias Confirmation:
The drawn forecast indicates a lower high formation, followed by a continuation to the downside.
If BTC loses support around $92,000 - $90,000, it could accelerate towards the $82,000 - $81,500 demand zone.
Key Levels to Watch
Resistance: $100,000 - $102,000 (previous consolidation resistance)
Support: $92,000 - $90,000 (key breakdown zone)
Bearish Target: $81,500 - $80,000
Conclusion
The analysis suggests a potential bearish breakout below the range. Traders should monitor break-and-retest confirmations at key support/resistance levels before making decisions. If BTC fails to reclaim the mid-range, a move towards $81,500 becomes highly probable.
Note
the other possible scenario:
👉 My recommended broker: bit.ly/HYMCMELI
____
Telegram: t.me/melikatrader94
Forex: t.me/melikatrader94GoldForex
____
Telegram: t.me/melikatrader94
Forex: t.me/melikatrader94GoldForex
Related publications
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.
👉 My recommended broker: bit.ly/HYMCMELI
____
Telegram: t.me/melikatrader94
Forex: t.me/melikatrader94GoldForex
____
Telegram: t.me/melikatrader94
Forex: t.me/melikatrader94GoldForex
Related publications
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.