Bitcoin remains in a local trading range as we head into the weekend, with price action showing signs of rotation and liquidity grabs.
Points to Consider:
• Bitcoin deviated above the range high, potentially signaling a liquidity grab or fake breakout.
• A confirmed rejection back below the range high could target $76,600.
• Price defended the current low and backfilled a CME futures gap, but no clear bottoming structure has formed.
Key resistance sits at $85,000—remaining below this level signals continued short-term weakness. If price retests $76,600, traders should monitor the reaction to determine potential directional bias.
Points to Consider:
• Bitcoin deviated above the range high, potentially signaling a liquidity grab or fake breakout.
• A confirmed rejection back below the range high could target $76,600.
• Price defended the current low and backfilled a CME futures gap, but no clear bottoming structure has formed.
Key resistance sits at $85,000—remaining below this level signals continued short-term weakness. If price retests $76,600, traders should monitor the reaction to determine potential directional bias.
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Penafian
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Join the Free Trading Group
Telegram: t.me/freetradingden 🔥
Unlock Blofin Bonuses
Trade with perks & support the community!
partner.blofin.com/d/alchemisttrader 🎁
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Telegram: t.me/freetradingden 🔥
Unlock Blofin Bonuses
Trade with perks & support the community!
partner.blofin.com/d/alchemisttrader 🎁
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.