Just like in trading it’s all about structure, levels and reaction.
We’ve seen BTC bounce cleanly from the psychological level of $100,299 and rally all the way to $110,667.
Based on that impulse move, I’m watching the 0.618 Fibonacci retracement at $106,586 as a potential dip-buy zone. That level aligns perfectly with:
✅ 4H Fair Value Gap
✅ Previous Week High
If we get a healthy CPI print today, I expect BTC to continue the bullish move and go for a new ATH.
🎯 First target: $112,345 (slightly above Previous Month High)
📉 Then, a potential pullback to $110,667 (support retest)
🚀 Followed by a breakout move to $117,604 the 1.618 Fib extension
All eyes on today’s CPI. If the data is good, the sky’s the limit.
Let’s see if bulls have the strength to push it all the way. 💪📈
We’ve seen BTC bounce cleanly from the psychological level of $100,299 and rally all the way to $110,667.
Based on that impulse move, I’m watching the 0.618 Fibonacci retracement at $106,586 as a potential dip-buy zone. That level aligns perfectly with:
✅ 4H Fair Value Gap
✅ Previous Week High
If we get a healthy CPI print today, I expect BTC to continue the bullish move and go for a new ATH.
🎯 First target: $112,345 (slightly above Previous Month High)
📉 Then, a potential pullback to $110,667 (support retest)
🚀 Followed by a breakout move to $117,604 the 1.618 Fib extension
All eyes on today’s CPI. If the data is good, the sky’s the limit.
Let’s see if bulls have the strength to push it all the way. 💪📈
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.