Buying BTC at 73.5k - Why I’m Buying This Range

198
Price has now dropped into a key demand zone where previous volume imbalances were left untested. The range around 74.6k–73.8k shows signs of absorption and buyer interest based on low volume nodes (LVNs) and volume profile structure. This zone acted as a major breakout area in the past, and with no acceptance below 74.6k on the 1H close, it suggests sellers are getting exhausted. I’m watching for signs of accumulation and structure shifts in this area to initiate longs, with invalidation on clean 1H closes below 73.7k. If BTC reclaims 75.1k on the 1H, expect momentum to shift and buyers to take it toward higher POCs and imbalance zones

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.