BTC’s recent structure shows a liquidity sweep followed by a clean break of structure (BOS). Price then retested a 1H order block, which offered a textbook long entry.
Confluence is reinforced by the 50 EMA crossing above the 200 EMA, a bullish confirmation aligning short- and long-term trend bias. From here, price is targeting the 4H highs at 117.2K, but this zone doubles as a potential liquidity grab area.
Key technicals:
The question: do bulls extend through 117.2K for continuation, or does BTC reject at this liquidity pocket before resetting?
Confluence is reinforced by the 50 EMA crossing above the 200 EMA, a bullish confirmation aligning short- and long-term trend bias. From here, price is targeting the 4H highs at 117.2K, but this zone doubles as a potential liquidity grab area.
Key technicals:
- Support: 114.8K (50 EMA), 113.6K (200 EMA).
- Resistance: 117.2K (previous 4H highs).
- Structure: Higher highs forming post-BOS, sustained above order block demand.
The question: do bulls extend through 117.2K for continuation, or does BTC reject at this liquidity pocket before resetting?
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Explore 5,000 Strategies at quanttradingpro.com
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Search by indicators like Supertrend, Ichimoku, macd.
Join our discord discord.gg/2systG9frc
We provide education & tools.
Search for the most profitable, lowest risk by symbol!
Search by indicators like Supertrend, Ichimoku, macd.
Join our discord discord.gg/2systG9frc
We provide education & tools.
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.