Bitcoin is currently consolidating within a 4-hour symmetrical triangle pattern.
Bullish Scenario: A breakout to the upside would require Bitcoin to clear the key supply zone between $103.8K - $105.6K. If this resistance is taken out, bullish momentum could accelerate as indicated by the green pathway.
Bearish Scenario: If Bitcoin fails to hold the current demand zone, a breakdown from the pattern is likely. In this case, the price could decline toward the $77K - $75K demand zone, which aligns with the existing CME gap in that region. The red pathway illustrates this potential price action.
This is not financial advice, but a mere scenario of what could play out based on market structure and order-blocks.
Bullish Scenario: A breakout to the upside would require Bitcoin to clear the key supply zone between $103.8K - $105.6K. If this resistance is taken out, bullish momentum could accelerate as indicated by the green pathway.
Bearish Scenario: If Bitcoin fails to hold the current demand zone, a breakdown from the pattern is likely. In this case, the price could decline toward the $77K - $75K demand zone, which aligns with the existing CME gap in that region. The red pathway illustrates this potential price action.
This is not financial advice, but a mere scenario of what could play out based on market structure and order-blocks.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.