BTC Technical Analysis
1D Chart Key Levels:
1️⃣ Fractal low + RB: $88,722
2️⃣ FVG 1D: $85,000-$81,500 + 0.5 Fib retracement of the local impulse.
A potential ABC correction to these levels is likely. Watching for new variables as price action unfolds.
1W Chart Key Levels:
Previous ATH (fractal high): $73,777
Two major FVGs: $89,376-$81,500 and $80,216-$73,620
Outlook:
Given the monthly fractal high was swept, the weekly chart holds the key. The nearest FVG aligns with important daily support levels and liquidity cascades. If Bitcoin aims for new highs, a rebound from these zones is most probable.
🎯 Targets:
FVG 1D: $95,734-$94,973
New ATH around -0.27 or -0.618 Fib levels.
1️⃣ Fractal low + RB: $88,722
2️⃣ FVG 1D: $85,000-$81,500 + 0.5 Fib retracement of the local impulse.
A potential ABC correction to these levels is likely. Watching for new variables as price action unfolds.
1W Chart Key Levels:
Previous ATH (fractal high): $73,777
Two major FVGs: $89,376-$81,500 and $80,216-$73,620
Outlook:
Given the monthly fractal high was swept, the weekly chart holds the key. The nearest FVG aligns with important daily support levels and liquidity cascades. If Bitcoin aims for new highs, a rebound from these zones is most probable.
🎯 Targets:
FVG 1D: $95,734-$94,973
New ATH around -0.27 or -0.618 Fib levels.
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.