🏛 1. Current Market Structure
🚀 After a strong rally from $84,000 to around $97,500, the price encountered a major resistance.
🔻 This area corresponds to the bearish OTE from the broader retracement between $109,000 and $74,000, leading to a temporary rejection.
🌍 2. Bigger Picture Outlook
📐 The rejection at the bearish OTE suggests a liquidity grab at a key potential reversal level.
🔎 The market could now come back to test intermediate support levels before continuing its directional move.
🔍 3. Key Technical Observations
⬜️ Supply Zone: An area of interest coupled with a former resistance now acting as potential support.
🟩 FVG 1D (Fair Value Gap daily): Strong technical confluence just above the supply zone.
🟦 Bullish OTE (from $84K to $97.5K): A deep retracement level that could act as ultimate support if the upper levels fail.
🎯 4. Short-Term Expectations
📉 Controlled retracement scenario:
Price could first seek liquidity within the FVG 1D or test the supply zone.
If bearish pressure increases, price might dip into the bullish OTE, which would be a key reaccumulation zone.
📈 Bullish scenario (quick recovery):
A clean bounce from the FVG 1D or the supply zone could form a higher low (HL) and target $97,500 again, potentially breaking above $100,000.
🔥 5. Upcoming Catalysts
📅 Upcoming US macroeconomic data or FED policy decisions.
🧠 Market’s reaction to technical levels (confluences = algo zones).
📊 Volume analysis around these zones: sustained buying = confirmation of support.
✅ Conclusion
👉 After a clear rejection from the bearish OTE of the larger range, the market is now retesting key supports.
📍 Three key levels to watch:
FVG 1D
Supply Zone
Bullish OTE (84K - 97.5K)
🔎 The price reaction around these levels will determine the next phase: bullish continuation or deeper retracement.
🚀 After a strong rally from $84,000 to around $97,500, the price encountered a major resistance.
🔻 This area corresponds to the bearish OTE from the broader retracement between $109,000 and $74,000, leading to a temporary rejection.
🌍 2. Bigger Picture Outlook
📐 The rejection at the bearish OTE suggests a liquidity grab at a key potential reversal level.
🔎 The market could now come back to test intermediate support levels before continuing its directional move.
🔍 3. Key Technical Observations
⬜️ Supply Zone: An area of interest coupled with a former resistance now acting as potential support.
🟩 FVG 1D (Fair Value Gap daily): Strong technical confluence just above the supply zone.
🟦 Bullish OTE (from $84K to $97.5K): A deep retracement level that could act as ultimate support if the upper levels fail.
🎯 4. Short-Term Expectations
📉 Controlled retracement scenario:
Price could first seek liquidity within the FVG 1D or test the supply zone.
If bearish pressure increases, price might dip into the bullish OTE, which would be a key reaccumulation zone.
📈 Bullish scenario (quick recovery):
A clean bounce from the FVG 1D or the supply zone could form a higher low (HL) and target $97,500 again, potentially breaking above $100,000.
🔥 5. Upcoming Catalysts
📅 Upcoming US macroeconomic data or FED policy decisions.
🧠 Market’s reaction to technical levels (confluences = algo zones).
📊 Volume analysis around these zones: sustained buying = confirmation of support.
✅ Conclusion
👉 After a clear rejection from the bearish OTE of the larger range, the market is now retesting key supports.
📍 Three key levels to watch:
FVG 1D
Supply Zone
Bullish OTE (84K - 97.5K)
🔎 The price reaction around these levels will determine the next phase: bullish continuation or deeper retracement.
All my GOLD and BITCOIN signals👇🏼
t.me/+AeuZKEeio2g4MDM8
t.me/+AeuZKEeio2g4MDM8
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.
All my GOLD and BITCOIN signals👇🏼
t.me/+AeuZKEeio2g4MDM8
t.me/+AeuZKEeio2g4MDM8
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.