Bitcoin Intra-day Long Setup

We’re seeing a potential long setup form on the lower time frame. Price action recently faced a clean rejection at the channel resistance and is now making its way down toward a critical support zone.

Price is approaching the value area low, which lines up perfectly with the point of control (POC) and the 0.618 Fibonacci retracement — a strong confluence zone.

If this area holds and shows a bullish reaction, we could see a reversal play out, potentially pushing price back toward the range highs and filling the recent liquidity gap.

However, if the POC is lost, it increases the chances of a full rotation down toward the value area low of the range, so risk management is essential.