We’re currently witnessing a potential short-term reversal on BTC’s lower timeframe after a volume-supported breakdown and sweep of local lows.
🔍 Key Observations:
Price swept liquidity at local lows (~103,929.27)
Entered into a clear reaccumulation box with responsive buyers
Volume profile shows prior POC just above – room for fill
Fibonacci retracement aligns with key structure:
0.5 = 104,372.94
0.618 = 104,268.23
1.0 = 104,816.60 (final high target for this impulse)
📈 Potential Play:
Entry Zone: Just above the sweep candle (104,100–104,200)
Target 1: 0.382 at 104,477
Target 2: 104,816.60
Invalidation: Close below 103,926
🧠 Mindset:
This is a classic liquidity sweep → reaction → reclaim pattern. If BTC flips the 0.5 level with strong momentum, a short squeeze toward the 104.8K area becomes likely.
Great opportunity for scalpers or day traders.
Let me know if you want this turned into a long-form breakdown or sent in another format.
🔍 Key Observations:
Price swept liquidity at local lows (~103,929.27)
Entered into a clear reaccumulation box with responsive buyers
Volume profile shows prior POC just above – room for fill
Fibonacci retracement aligns with key structure:
0.5 = 104,372.94
0.618 = 104,268.23
1.0 = 104,816.60 (final high target for this impulse)
📈 Potential Play:
Entry Zone: Just above the sweep candle (104,100–104,200)
Target 1: 0.382 at 104,477
Target 2: 104,816.60
Invalidation: Close below 103,926
🧠 Mindset:
This is a classic liquidity sweep → reaction → reclaim pattern. If BTC flips the 0.5 level with strong momentum, a short squeeze toward the 104.8K area becomes likely.
Great opportunity for scalpers or day traders.
Let me know if you want this turned into a long-form breakdown or sent in another format.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.