Overall BTC Analysis – Weekly + Daily View
Trend: Strong bullish structure on both weekly and daily.
Current Position: Price is sitting just below 118.5k–118.7k, a heavy resistance/equal highs zone with big buy-side liquidity.
Weekly View:
Major demand/support at 110.5k–111.8k (unmitigated OB + FVG).
Market likely to remain bullish unless we close below 109.6k.
Space above 118.7k for continuation if highs break.
Daily View:
Short-term demand at 115.5k–116.0k (last bullish base before recent push).
Small imbalance in this zone could attract a retest before any breakout.
Liquidity Picture:
Buy-side liquidity: Above 118.7k → could trigger strong upside if taken.
Sell-side liquidity: Below 116k → could be swept in a pullback.
Overall Bias: Bullish trend intact, but we’re at premium pricing and near resistance.
Healthy pullback into 115.5k–116k (daily) or deeper into 110.5k–111.8k (weekly) would strengthen the next leg up.
Trend: Strong bullish structure on both weekly and daily.
Current Position: Price is sitting just below 118.5k–118.7k, a heavy resistance/equal highs zone with big buy-side liquidity.
Weekly View:
Major demand/support at 110.5k–111.8k (unmitigated OB + FVG).
Market likely to remain bullish unless we close below 109.6k.
Space above 118.7k for continuation if highs break.
Daily View:
Short-term demand at 115.5k–116.0k (last bullish base before recent push).
Small imbalance in this zone could attract a retest before any breakout.
Liquidity Picture:
Buy-side liquidity: Above 118.7k → could trigger strong upside if taken.
Sell-side liquidity: Below 116k → could be swept in a pullback.
Overall Bias: Bullish trend intact, but we’re at premium pricing and near resistance.
Healthy pullback into 115.5k–116k (daily) or deeper into 110.5k–111.8k (weekly) would strengthen the next leg up.
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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.