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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Penafian
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Join the Free Trading Group
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Claim $1000 Deposit Bonus 🎁
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 ⚔️
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.