Bitcoin / TetherUS
Panjang

BTC Top Down Analysis! Let's break it out logically.

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Starting with Weekly TF BTC swept its ATH and dropped.

Two main reasons:

1- Liquidity grab (took out SLs above ATH)
2- Hit strong Weekly Bearish OB and reversed.

Now Weekly & Daily TFs are still bullish this is just a pullback so no panic scene.

Question is: how far can it go?

BTC is moving toward Weekly Breaker Block (117.9k) and Weekly Bullish OB (115.3k) right now it’s trading inside a 4H Bullish OB (Green Zone)

I’ll wait for reversal signs (CHOCH or Bullish OB) on STF to buy again. If confirmed I’ll buy with SL below 113.5k - 112.5k zone.

For now, STF is still bearish so I’ll wait I’m already in a BTC buy from 110k zone.
BTC is sitting in a 4h demand zone just wait for confirmation.

Penafian

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