📉 The new week didn’t start too cheerfully for the crypto community—#Bitcoin is trading below $100k again.
As I wrote last week, the structure remains bullish as long as we keep printing higher highs and higher lows.
👀 Today’s #BTC drop is likely to come to an end, as we have several potential reversal points:
✅ A retest of the trendline
✅ The 50SMA test
✅ A strong support level represented by the Order Block
✅ Oversold RSI, even on higher timeframes (HTF).
🤔 The only concern is the large liquidity pool at $96k, but opening a position before a confirmed reversal is still premature.
As I wrote last week, the structure remains bullish as long as we keep printing higher highs and higher lows.
👀 Today’s #BTC drop is likely to come to an end, as we have several potential reversal points:
✅ A retest of the trendline
✅ The 50SMA test
✅ A strong support level represented by the Order Block
✅ Oversold RSI, even on higher timeframes (HTF).
🤔 The only concern is the large liquidity pool at $96k, but opening a position before a confirmed reversal is still premature.
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.