Congrats to those who longed the supply at 78k! Next trade📉 Bitcoin Analysis Update 📈
Bitcoin has given us a substantial bearish range break and is now retracing into the old supply range. The question is simple:
👉 Is this a retracement for bearish continuation, or will Bitcoin conjure up the strength to break structure bullish?
⚡ London session will be key—let’s see what price action brings. Either way, we are prepared.
🔹 Bullish Case:
If Bitcoin retraces deep into demand and forms a second continuation pattern, I’ll be looking for longs at the highlighted demand zones on the 30m, but only if we see a clear market structure shift.
🔻 Bearish Case:
If neither of the demand zones hold, we could be in for a flush down to $78K and the old 240-day demand range. So far, we’ve filled some FVG, but not all.
🎯 Short Opportunity:
For those eyeing a short, watch for a distribution at the 2H supply—this would provide a high-probability short setup within the red box. However, before pulling the trigger, ensure market structure flips bearish again.
🚀 Stay sharp & trade smart!
