We’re seeing a significant pullback, but I believe this is where opportunity lies. Here’s why:
1️⃣ Key Support Zone: Price just wicked into a strong support area around $91K-
92K, which has historically been a bounce zone.
2️⃣ Oversold Conditions: Market Cipher B is flashing clear signs of momentum bottoming out — we’re seeing the wave curving up, indicating potential reversal strength.
3️⃣ Liquidity Grab: The recent dip may have been a liquidity sweep below support — often a signal that smart money is preparing for a move up.
4️⃣ Volume Profile Support: We’re near a high-volume node on the profile, suggesting strong buyer interest in this range.
🎯 Targets:
First: POC around $96,750
Next: Resistance at $100K
Ultimate: LIQ zone at $102,500
🛑 Invalidation: A clean break and close below $90K would make me reconsider this bias.
Let’s see how this plays out. Let’s learn and grow with crypto together! 💪
#BTC #Bitcoin #Crypto #Trading #CryptoCommunity #MarketAnalysis #CryptoTrading #BTCUSD #AntiCryptoCryptoClub
1️⃣ Key Support Zone: Price just wicked into a strong support area around $91K-
92K, which has historically been a bounce zone.2️⃣ Oversold Conditions: Market Cipher B is flashing clear signs of momentum bottoming out — we’re seeing the wave curving up, indicating potential reversal strength.
3️⃣ Liquidity Grab: The recent dip may have been a liquidity sweep below support — often a signal that smart money is preparing for a move up.
4️⃣ Volume Profile Support: We’re near a high-volume node on the profile, suggesting strong buyer interest in this range.
🎯 Targets:
First: POC around $96,750
Next: Resistance at $100K
Ultimate: LIQ zone at $102,500
🛑 Invalidation: A clean break and close below $90K would make me reconsider this bias.
Let’s see how this plays out. Let’s learn and grow with crypto together! 💪
#BTC #Bitcoin #Crypto #Trading #CryptoCommunity #MarketAnalysis #CryptoTrading #BTCUSD #AntiCryptoCryptoClub
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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.