Bitcoin is currently ranging below a 4H Order Block (OB) and forming a potential higher low. With price holding above the key 0.618 fib zone (104.1k), this could act as a springboard for continuation — or a trap.
Key Levels:
Support: 104.1k–103.6k (fib cluster & mid-volume node)
Immediate Resistance: 105.1k (OB 4H)
Breakout Target: 107.1k
Fail-safe: 103.0k
Scenarios:
🟩 Bullish Path:
Hold 104k zone
Reclaim 105.1k OB = confirmation
Push toward 107.1k & higher liquidity sweep
🟥 Bearish Path:
Rejection from OB + break below 104k
Eyes on 103.0k as next bounce zone
Plan:
Long scalp above 104.2k if volume sustains
TP1: 105.1k (retest OB)
TP2: 107.1k
SL: Below 103.6k (tight invalidation)
📌 “OB rejection or flip? Market’s next impulse hinges on this 104k–105k squeeze.”
Key Levels:
Support: 104.1k–103.6k (fib cluster & mid-volume node)
Immediate Resistance: 105.1k (OB 4H)
Breakout Target: 107.1k
Fail-safe: 103.0k
Scenarios:
🟩 Bullish Path:
Hold 104k zone
Reclaim 105.1k OB = confirmation
Push toward 107.1k & higher liquidity sweep
🟥 Bearish Path:
Rejection from OB + break below 104k
Eyes on 103.0k as next bounce zone
Plan:
Long scalp above 104.2k if volume sustains
TP1: 105.1k (retest OB)
TP2: 107.1k
SL: Below 103.6k (tight invalidation)
📌 “OB rejection or flip? Market’s next impulse hinges on this 104k–105k squeeze.”
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.