Bitcoin / TetherUSShort
BTC/USDT Technical Analysis in 1H 🌈
Hi Friends 🖐
A day before the release of the US Federal Reserve news (PMI and FOMC index), I decided to share my technical analysis of Bitcoin.
With the growth of Bitcoin price, it entered the daily supply area to the level of 23,968 dollars, which you can see optimized in the 4-hour time frame (Order Block Refine 4H).
The pivot (A) was able to break its previous top (B) upwards, so the pivot (A) is a strong bottom; With the breaking of this floor (pivot), we can say that a change in nature from bullish to bearish has occurred (CHOCH).
You can see two scenarios with high probability on the chart.
Another thing that I need to say is that the price has been rejected several times by hitting the blue zone (Liquidity zone) (high shadows), this means that there is a lot of liquidity at the levels of $22,000 and $21,000, also with the emergence The price gap (FVG) at these levels is very likely to attract the price like a magnet.
The next point to be mentioned is liquidity above the $25,212 levels, many Sellers have definitely set their own limits in this area (Bearish ob), when the price hits this area, Bitcoin will suffer a lot of selling pressure. The price hitting this area and the formation of bearish setups in the lower time frame can be a good opportunity to sell.
Good luck ♥
A day before the release of the US Federal Reserve news (PMI and FOMC index), I decided to share my technical analysis of Bitcoin.
With the growth of Bitcoin price, it entered the daily supply area to the level of 23,968 dollars, which you can see optimized in the 4-hour time frame (Order Block Refine 4H).
The pivot (A) was able to break its previous top (B) upwards, so the pivot (A) is a strong bottom; With the breaking of this floor (pivot), we can say that a change in nature from bullish to bearish has occurred (CHOCH).
You can see two scenarios with high probability on the chart.
Another thing that I need to say is that the price has been rejected several times by hitting the blue zone (Liquidity zone) (high shadows), this means that there is a lot of liquidity at the levels of $22,000 and $21,000, also with the emergence The price gap (FVG) at these levels is very likely to attract the price like a magnet.
The next point to be mentioned is liquidity above the $25,212 levels, many Sellers have definitely set their own limits in this area (Bearish ob), when the price hits this area, Bitcoin will suffer a lot of selling pressure. The price hitting this area and the formation of bearish setups in the lower time frame can be a good opportunity to sell.
Good luck ♥
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