Bitcoin has been recovering from a dip in which it found support at a major value level. Currently, it has rallied above another nice support/resistance area. Buying on a retest of this area could provide a nice opportunity for a swing trade long.
As price retraces within the larger time frame bullish structure, I expect a pull back to this support area, identified by the volume cluster. There are two stop-loss options depending on how aggressive you want to be, Place the target based on your own parameters.
Expecting a reaction from the key level 175 within the most recent demand zone. May not turn into a massive move to the downside, but should be able to pull some profit from the reaction.
Keep an eye on the area around 4172 for a short entry. Substantial volumes developed there prior to the sell off at the end of that day/week. If price returns to this area I would expect sellers to defend it and buyers to liquidate and lock in profits prior to the resistance.
Recent IPO RBLX experienced a nice breakout from it's IPO base. It is now pulling back a long from the key area within the demand zone could be considered.
AUDUSD is experiencing a push down after a significant rotation. If price makes it to the lower demand area I would expect a reaction from the key levels. If price then makes it back up to the rotation, look for sellers to defend their shorts and longs to take profit. It is possible that the short trade occurs prior to the long setup.
