BTC ATH update
Bitcoin has recently achieved an all-time high, surpassing $100,000. Currently, there is no sell zone on the 1-hour chart, and the price has moved beyond the sell zone on the 1-day chart. However, since the price is near the 1-day sell zone, caution is advised when considering long positions. A potential buy zone exists between 97,500 and 98,200 USDT on the 1-hour chart. If the price declines to this range today, it would re-enter the 1-day sell zone, potentially invalidating a long position. It's common for the market to test traders' patience at key levels on the 1-day chart. Proceed carefully.
Trade active
Two key levels are formed: 1. resistance level at 104,666; 2. support at 101,345, which is a test from the huge joc bar.
In case of good activity from buyers at level 2, i.e. a potential spring on 1h, the same level can be observed on 5m for a reliable spring to enter a long position. Reliable buy volume is critical, and don't overlook the fact that we are in the vicinity of a sell zone on 1D.
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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.