Which Timeframe is Most Relevant for Taking a Position?
• For a more “trader”-oriented and reactive entry point, oversold signals on 2H/4H charts seem attractive:
• Mason’s Satisfaction is very low on 2H (~0.03), RSI around 38, etc. → A local rebound is likely.
• However, this requires a strict stop below the critical 89–90k zone in case of a deeper market drop.
• For a more “swing/position” investor, the 12H or 1D charts show that the general trend remains bullish (short MA > long MA), though the market is in a correction. Gradual buying on pullbacks, as long as $89,000 holds, remains plausible.
Key Support and Resistance Levels
• Major Support: $89,000–$90,000 (a critical pivot zone).
• Other Supports (based on charts and MAs):
• ~$97,000–$98,000 (intermediate support zone visible on OI LIQMAP / 4H / Auto AVWAP Low ~99–101k).
• $81,000–$82,000 (lower support corresponding to the long-term MA on the daily chart).
• Resistances:
• $100,000–$101,000 (short-term, e.g., Short-Term MA 2H/4H and AVWAP 2H).
• $106,000–$107,000 (Auto AVWAP High on daily/12H).
• Above that, the last peak at ~$108,000–$110,000.
Final Recommendations
1. Short Term (2H / 4H)
• Indicators (low RSI, Mason’s Satisfaction near zero, Koncorde showing retail distribution) suggest a technical rebound is possible.
• However, the underlying trend in these timeframes is temporarily “down,” so it is essential to monitor whether the price reclaims the $100k–$101k zone.
• A protective stop below
89K is recommended for any long positions.
2. Medium/Long Term (12H / Daily)
• Despite the recent correction, the overall medium-term trend remains bullish. The market is consolidating after a strong rise.
• As long as $89,000 holds, the bullish “running flat” scenario remains the most likely.
• Some targets even suggest $120,000–$150,000.
• Indicators such as ISPD Div Pro on daily/12H remain high (~0.8), suggesting potential additional volatility.
• For positional investors, gradual buying during pullbacks in the $90k–$95k range seems reasonable, always keeping a close eye on the critical89K level.
3. Summary
• The current correction is visible on the 2H/4H charts, with clear oversold signals.
•89K remains the vital pivot: breaking below it could extend the drop to $77k–$80k.
• Conversely, if the market holds above89K, a bullish move toward $110k, or even $120k–$150k, remains a valid medium-term scenario.
Conclusion
There is alignment between:
• Custom indicators (ISPD Div Pro, Mason’s Line, HPI, etc.) showing short-term oversold conditions (2H/4H) within a still bullish framework (recent overheating on 12H/1D charts, followed by a healthy correction).
• Analysis of key levels emphasizing the critical importance of89K as a pivot, with a bullish bias as long as it holds.
For a short-term trade, the 2H or 4H timeframe appears “interesting” due to oversold conditions. For a broader swing trade, gradual accumulation is reasonable as long as the price remains above89K–$90k. Major short- to medium-term resistance levels are at $101k and $106k–$108k. If momentum strengthens, higher targets in the $120k–$150k range become plausible.
• For a more “trader”-oriented and reactive entry point, oversold signals on 2H/4H charts seem attractive:
• Mason’s Satisfaction is very low on 2H (~0.03), RSI around 38, etc. → A local rebound is likely.
• However, this requires a strict stop below the critical 89–90k zone in case of a deeper market drop.
• For a more “swing/position” investor, the 12H or 1D charts show that the general trend remains bullish (short MA > long MA), though the market is in a correction. Gradual buying on pullbacks, as long as $89,000 holds, remains plausible.
Key Support and Resistance Levels
• Major Support: $89,000–$90,000 (a critical pivot zone).
• Other Supports (based on charts and MAs):
• ~$97,000–$98,000 (intermediate support zone visible on OI LIQMAP / 4H / Auto AVWAP Low ~99–101k).
• $81,000–$82,000 (lower support corresponding to the long-term MA on the daily chart).
• Resistances:
• $100,000–$101,000 (short-term, e.g., Short-Term MA 2H/4H and AVWAP 2H).
• $106,000–$107,000 (Auto AVWAP High on daily/12H).
• Above that, the last peak at ~$108,000–$110,000.
Final Recommendations
1. Short Term (2H / 4H)
• Indicators (low RSI, Mason’s Satisfaction near zero, Koncorde showing retail distribution) suggest a technical rebound is possible.
• However, the underlying trend in these timeframes is temporarily “down,” so it is essential to monitor whether the price reclaims the $100k–$101k zone.
• A protective stop below
89K is recommended for any long positions.2. Medium/Long Term (12H / Daily)
• Despite the recent correction, the overall medium-term trend remains bullish. The market is consolidating after a strong rise.
• As long as $89,000 holds, the bullish “running flat” scenario remains the most likely.
• Some targets even suggest $120,000–$150,000.
• Indicators such as ISPD Div Pro on daily/12H remain high (~0.8), suggesting potential additional volatility.
• For positional investors, gradual buying during pullbacks in the $90k–$95k range seems reasonable, always keeping a close eye on the critical
89K level.3. Summary
• The current correction is visible on the 2H/4H charts, with clear oversold signals.
•
89K remains the vital pivot: breaking below it could extend the drop to $77k–$80k.• Conversely, if the market holds above
89K, a bullish move toward $110k, or even $120k–$150k, remains a valid medium-term scenario.Conclusion
There is alignment between:
• Custom indicators (ISPD Div Pro, Mason’s Line, HPI, etc.) showing short-term oversold conditions (2H/4H) within a still bullish framework (recent overheating on 12H/1D charts, followed by a healthy correction).
• Analysis of key levels emphasizing the critical importance of
89K as a pivot, with a bullish bias as long as it holds.For a short-term trade, the 2H or 4H timeframe appears “interesting” due to oversold conditions. For a broader swing trade, gradual accumulation is reasonable as long as the price remains above
89K–$90k. Major short- to medium-term resistance levels are at $101k and $106k–$108k. If momentum strengthens, higher targets in the $120k–$150k range become plausible.
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.