Bitcoin has shown interesting developments following a capitulation move into lower liquidity regions. The recent low tapped the $101,000 dynamic support, forming a potential base in confluence with major structure and liquidity.
Key Technical Points:
- Support: $101,000 dynamic support
- Range POC: $108,000
- Bias: Bullish-to-neutral above POC
Price has reclaimed the range point of control, suggesting that short-term control lies with the bulls. A consolidation period above this level could lead to a shallow pullback into daily support near $108,000, followed by a rotation back toward range highs.
If structure remains intact, the next impulsive leg higher could emerge from this region. However, a daily close back below the POC would weaken the setup and open the door for renewed volatility.
Overall, Bitcoin remains constructively positioned for reaccumulation while above $108,000, with consolidation favoring a potential bullish continuation.
Key Technical Points:
- Support: $101,000 dynamic support
- Range POC: $108,000
- Bias: Bullish-to-neutral above POC
Price has reclaimed the range point of control, suggesting that short-term control lies with the bulls. A consolidation period above this level could lead to a shallow pullback into daily support near $108,000, followed by a rotation back toward range highs.
If structure remains intact, the next impulsive leg higher could emerge from this region. However, a daily close back below the POC would weaken the setup and open the door for renewed volatility.
Overall, Bitcoin remains constructively positioned for reaccumulation while above $108,000, with consolidation favoring a potential bullish continuation.
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Trade with perks & support the community!
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Stay sharp, trade smart.
— Team The Alchemist ⚔️
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Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
partner.blofin.com/d/TheAlchemist
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.