Most Relevant Timeframe for Position-Taking
• Short Term (2H/4H): Shows signs of a possible consolidation or minor pullback. Good for quick scalping or very tight stop-loss trades.
• Medium/Long Term (12H/1D): Clearly bullish but near potential overbought territory, suggesting caution before entering new multi-day to multi-week positions. These higher timeframes offer the best overall view of the trend and major support/resistance.
Key Support and Resistance Zones
• Supports
• Short Term (2H/4H):
• ~101.9k–102k (Long-Term MA in 2H/4H)
• ~100.8k–100.84k (Auto AVWAP low + confluence of MAs)
• Medium Term (12H/1D):
• ~89k (critical support from the chart structures)
• ~77–78k (deeper support if 89k fails)
• Resistances
• Immediate: 105–106k (multiple AVWAP Highs on lower timeframes)
• Upper: 107–108k (AVWAP High on 1D/12H). Above 108k could spark a larger breakout.
Recommendations and Potential Scenarios
1. Main Scenario (Bullish with Consolidation)
• As long as BTC stays above 89–90k, the higher timeframe trend remains intact.
• A brief pullback to 100–102k is possible before retesting 105–108k.
• If BTC breaks 108k with solid volume, a push toward 110–115k is feasible.
2. Alternative (Bearish Break)
• A break below 89k would likely trigger a deeper correction to ~77–79k, aligning with the “regular flat” scenario.
3. Concrete Trading Strategies
• Short-Term Traders: Consider tight-stop long entries near 104–105k, with stops around 101–102k.
• Medium/Long-Term Traders: Wait for either (a) a deeper pullback toward 89–90k that holds, or (b) a confirmed breakout above 108k on strong volume.
Final Note
While the overall market structure leans bullish, multiple indicators (HPI > 90 on 12H, near-extreme ISPD readings on 1D) warn of “overheating.” A short-term correction or consolidation could occur before any new major rally. Keep an eye on 89k as a key pivot. If this level remains intact, the broader uptrend should continue.
• Short Term (2H/4H): Shows signs of a possible consolidation or minor pullback. Good for quick scalping or very tight stop-loss trades.
• Medium/Long Term (12H/1D): Clearly bullish but near potential overbought territory, suggesting caution before entering new multi-day to multi-week positions. These higher timeframes offer the best overall view of the trend and major support/resistance.
Key Support and Resistance Zones
• Supports
• Short Term (2H/4H):
• ~101.9k–102k (Long-Term MA in 2H/4H)
• ~100.8k–100.84k (Auto AVWAP low + confluence of MAs)
• Medium Term (12H/1D):
• ~89k (critical support from the chart structures)
• ~77–78k (deeper support if 89k fails)
• Resistances
• Immediate: 105–106k (multiple AVWAP Highs on lower timeframes)
• Upper: 107–108k (AVWAP High on 1D/12H). Above 108k could spark a larger breakout.
Recommendations and Potential Scenarios
1. Main Scenario (Bullish with Consolidation)
• As long as BTC stays above 89–90k, the higher timeframe trend remains intact.
• A brief pullback to 100–102k is possible before retesting 105–108k.
• If BTC breaks 108k with solid volume, a push toward 110–115k is feasible.
2. Alternative (Bearish Break)
• A break below 89k would likely trigger a deeper correction to ~77–79k, aligning with the “regular flat” scenario.
3. Concrete Trading Strategies
• Short-Term Traders: Consider tight-stop long entries near 104–105k, with stops around 101–102k.
• Medium/Long-Term Traders: Wait for either (a) a deeper pullback toward 89–90k that holds, or (b) a confirmed breakout above 108k on strong volume.
Final Note
While the overall market structure leans bullish, multiple indicators (HPI > 90 on 12H, near-extreme ISPD readings on 1D) warn of “overheating.” A short-term correction or consolidation could occur before any new major rally. Keep an eye on 89k as a key pivot. If this level remains intact, the broader uptrend should continue.
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.