BTCUSDT is currently oscillating within a new trading range, establishing a trustable support zone while facing a weaker resistance trendline and resistance zone. Given this setup, a breakout isn’t the primary expectation just yet.🔹 Key Observations:
Support Zone Strength: The support zone is stronger than the resistance, making it less likely for BTC to break downward easily.
Resistance Weakness: The resistance trendline and zone appear weaker, meaning any rejection could be temporary.
Liquidity Perspective: As seen on the liquidity chart, there’s favorable liquidity above the resistance zone, increasing the probability of a short-term push higher to hunt liquidity.
💡 Potential Scenarios:
1️⃣ BTC could move toward the resistance zone, tapping into liquidity before reacting.
2️⃣ If buyers step in aggressively, a short-term liquidity grab above resistance might trigger further upside.
3️⃣ Failure to reclaim key levels could lead to continued range-bound movement.
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Trade active
As predicted, BTC hunted the favorable liquidity above resistance before falling back into the trading range—now testing the bottom of the range! This setup provided two key trade opportunities for those following our insights.🔹 Key Takeaways:
Liquidity Hunt Success: BTC grabbed liquidity above resistance before reversing sharply.
Trading Opportunities:
1️⃣ Buy setup: Long towards the liquidity zone.
2️⃣ Sell setup: Short after the liquidity hunt.
Current Setup: BTC is now testing the bottom of the range, a key support zone. If buyers defend this level, we could see another bounce.
💡 Congrats to all who followed! The market respected the analysis perfectly.
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🚀 Join Our Free Telegram Channels!
📈 Crypto – Bitcoin daily analysis & exclusive Altcoins opportunities!
t.me/Sober_Trading
💵 Gold & Forex – Expert insights & accurate signals!
t.me/Sober_Forex
🎯 Stay ahead with free updates!
📈 Crypto – Bitcoin daily analysis & exclusive Altcoins opportunities!
t.me/Sober_Trading
💵 Gold & Forex – Expert insights & accurate signals!
t.me/Sober_Forex
🎯 Stay ahead with free updates!
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.