Bitcoin consolidating, potential 4h gap fil?

This chart shows Bitcoin (BTC/USD) on a 4-hour timeframe, currently consolidating within a 4-hour imbalance (gap) zone. The price appears to be ranging in this area, potentially building liquidity before making a decisive move.

The projected path in purple suggests that Bitcoin might first move upward to fill the higher 4-hour gap, seeking liquidity in that region. Once liquidity is grabbed, a reversal to the downside is anticipated, implying a bearish continuation after mitigating the inefficiency above.

Traders might be watching for signs of rejection in the upper gap before confirming bearish momentum. However, if the price breaks through the higher gap with strength, it could invalidate the bearish scenario.

Note

Bitcoin is still consolidating in the 4H gap, trading is a waiting game ⏰

Trade active

Still looking bearish for Bitcoin, still consolidating a bit and waiting for the next move.

TehThomas

𝟔 𝐘𝐄𝐀𝐑𝐒 𝐄𝐗𝐏𝐄𝐑𝐈𝐄𝐍𝐂𝐄𝐃 𝐓𝐑𝐀𝐃𝐄𝐑

💎 Free Signals
t.me/codeandcandle

🎁 Free trading Discord community
bit.ly/TehThomas

🥇 My Preferred Exchange - 20% cashback
bit.ly/BloFin20

Also on:

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.

TehThomas

Also on: