Bitcoin is testing a key liquidity area ($94.5Kโ$95.2K) after a sharp rally from $78K. This blue zone has triggered major rejections before โ we may be nearing exhaustion.
๐ Context & Observations:
โ Possible final push + trap above resistance
โ MSS level at $89,272 = first target if breakdown starts
โ LTF range forming post-impulse
๐ Main scenario (correction):
โ Entry: after fakeout & drop below resistance
โ Target: $89.2K / $85K
โ Invalidation: close 2-3 bars > $95K
๐ Alt scenario (bullish breakout):
โ Entry: breakout & hold above $95K
โ Target: $101Kโ$105K
โ Invalidation: drop below $94K
โ๏ธ Triggers to watch:
โ SFP or bearish structure on LTF
โ Fakeout + low-volume rally
โ Reclaim below range
Altcoins remain strong while BTC chops. Patience is key!
๐ Context & Observations:
โ Possible final push + trap above resistance
โ MSS level at $89,272 = first target if breakdown starts
โ LTF range forming post-impulse
๐ Main scenario (correction):
โ Entry: after fakeout & drop below resistance
โ Target: $89.2K / $85K
โ Invalidation: close 2-3 bars > $95K
๐ Alt scenario (bullish breakout):
โ Entry: breakout & hold above $95K
โ Target: $101Kโ$105K
โ Invalidation: drop below $94K
โ๏ธ Triggers to watch:
โ SFP or bearish structure on LTF
โ Fakeout + low-volume rally
โ Reclaim below range
Altcoins remain strong while BTC chops. Patience is key!
Trade active
BTC completed a strong local move from $74k and is now stalling under the critical $95kโ96k resistance zone.Price ran up without any major pullbacks โ now watching closely for signs of exhaustion. โก
Big moves are brewing.
๐ป Primary scenario:
โ Sweep of local highs around $95kโ96k.
โ Formation of a bearish pattern (M-top, lower high).
โ Start of a corrective move targeting $90k first, then $83k.
๐๏ธ Set alerts around 95kโ96k for sweep and lower high confirmation.
๐ก๏ธ Support zones to watch: $90k and $83k.
(Caution: losing
83K would break bullish structure.)๐ Alternative scenario:
โ Shallow pullback into $90k without breaking structure.
โ Strong bullish continuation towards 99kโ102k.
โ Then a corrective retest around 90k before pushing to new ATHs.
๐๏ธ Watch $90k as a key decision zone.
๐ฌ Focus now is on price action around $95kโ96k.
Shorts only on confirmed reversal patterns.
Longs only after liquidity flushes into demand zones or a clean breakout above $96k.
Risk management is critical here.
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.
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.