BTC Update - 06.01.2024 / 4 setups in one timeI don't see situations in the market at the moment, but the picture on bitcoin is very interesting, I see several situations for entry on it.
1 hour chart: almost filled the 4 hour imbalance and accumulated liquidity on both sides, from which I would watch the reaction.
Long POI:
- Compression (41920): in the moment would watch the performance of the off on the ltf and decide to enter.
- Key low (40333): here I would also wait for the Long order flop on ltf to nucleate and then take a position.
Short POI:
- Equal highs + FF (44840.8): everything is the same only shorted.
- Key High (45950): I would be careful with this zone of interest, I would take a position only if the structure breaks at 30m and above.
Not a financial advice, always observe the risks and watch the reaction in the points of interest and only then make your entry into the position!
