Bitcoin Morning Update 📉
Overnight, we've continued bearish with the 30-minute structure. Currently, we're finding support at the golden pocket, which is confluent with the Point of Control (POC).
Bullish Scenario 🟢
We can either bounce here for a continuation up to 95K 📈
Or, we could dip into the 45m demand and 10m demand below before a move up
I’ll be looking for market structure confirmation longs at these zones
Bearish Scenario 🔴
If we continue to purge demand, there's a 10m unmitigated supply zone above
Tagging this could create a wonky double-top bear flag ⛔
This could lead to range-bound price action, building liquidity for a drop to 45m demand and ultimately the 78K low
I’ll be watching for shorts at this 10m zone and look to de-risk immediately
Key Notes ⚡
We have officially filled the CME Futures gap between 86K – 93K
Demand zones act as magnets—they can attract or repel price
No change, no trade—patience is key
Let’s see what London open and the rest of the day bring. 🚀
Overnight, we've continued bearish with the 30-minute structure. Currently, we're finding support at the golden pocket, which is confluent with the Point of Control (POC).
Bullish Scenario 🟢
We can either bounce here for a continuation up to 95K 📈
Or, we could dip into the 45m demand and 10m demand below before a move up
I’ll be looking for market structure confirmation longs at these zones
Bearish Scenario 🔴
If we continue to purge demand, there's a 10m unmitigated supply zone above
Tagging this could create a wonky double-top bear flag ⛔
This could lead to range-bound price action, building liquidity for a drop to 45m demand and ultimately the 78K low
I’ll be watching for shorts at this 10m zone and look to de-risk immediately
Key Notes ⚡
We have officially filled the CME Futures gap between 86K – 93K
Demand zones act as magnets—they can attract or repel price
No change, no trade—patience is key
Let’s see what London open and the rest of the day bring. 🚀
🎯BOOK 121 TRAINING MASTERCLASS: tradejournal.co.uk/book-1-to-1-master-class/
🎯JOIN ONLINE BOOTCAMP:
WHEN? Last Sunday each month!
tradejournal.co.uk/bootcamp/
🎯Join Discord Community: discord.gg/SFmbjseS89
🎯JOIN ONLINE BOOTCAMP:
WHEN? Last Sunday each month!
tradejournal.co.uk/bootcamp/
🎯Join Discord Community: discord.gg/SFmbjseS89
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.
🎯BOOK 121 TRAINING MASTERCLASS: tradejournal.co.uk/book-1-to-1-master-class/
🎯JOIN ONLINE BOOTCAMP:
WHEN? Last Sunday each month!
tradejournal.co.uk/bootcamp/
🎯Join Discord Community: discord.gg/SFmbjseS89
🎯JOIN ONLINE BOOTCAMP:
WHEN? Last Sunday each month!
tradejournal.co.uk/bootcamp/
🎯Join Discord Community: discord.gg/SFmbjseS89
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.