📈 Bitcoin Showing Bullish Intentions as Selling Pressure Weakens
In the last three 4H candles, we’ve seen a decline in volume alongside smaller candle bodies, even as the price has moved slightly lower. This typically signals weakening selling pressure and increasing bullish interest.
As long as price doesn't print a lower low below $105,500 and fails to break above $110,246, Bitcoin is likely building structure for a potential bullish breakout. If the current level holds and BTC begins to rally from here, the new higher low would likely be around $107,000 — reinforcing the bullish trend structure.
🧠 Key Insight: Wait for a clear long trigger before entering; the market is currently in a cool-off phase, not a reversal.
In the last three 4H candles, we’ve seen a decline in volume alongside smaller candle bodies, even as the price has moved slightly lower. This typically signals weakening selling pressure and increasing bullish interest.
As long as price doesn't print a lower low below $105,500 and fails to break above $110,246, Bitcoin is likely building structure for a potential bullish breakout. If the current level holds and BTC begins to rally from here, the new higher low would likely be around $107,000 — reinforcing the bullish trend structure.
🧠 Key Insight: Wait for a clear long trigger before entering; the market is currently in a cool-off phase, not a reversal.
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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.