BTC/USDT: Ladder or Trap? 1H / 10 jan. 2024

10 Oca

BTC is playing games again. After breaking structure multiple times on the way down, we’re now seeing what looks like a "ladder" climbing toward resistance. But is it strong enough to hold? 🤔

📊 Key Levels:

Weak High: Sitting just above 96k, this is the big boss. A break here, and we’re talking fireworks. But if BTC gets smacked back down, expect bears to take control again.
Strong Low: The blue zone around 92k is a fortress for now. If BTC revisits it, we need to see if the bulls are ready to fight back or wave the white flag.

🧐 What’s That Ladder?
The ladder structure shows a series of higher highs and higher lows—bullish vibes, right? But don’t get too comfy. If it breaks down, we might see a flash crash to the next strong resistance at approx. 89k.

💡 Game Plan:

Bullish Scenario: Break and hold above the weak high with solid volume = 🚀 potential rally toward 100k.
Bearish Scenario: Fail to clear the weak high = rejection and a likely test of the strong low.

⚠️ Today’s Bonus Twist: Nonfarm Payrolls and Unemployment Rate numbers are on the menu. Expect some volatility as NY session unfolds. Buckle up, this will be powerfull! 🎢

What’s your play—climbing the ladder or waiting for the fall? Let me know in comments ;) 🪜👇

10 Oca

Not

Nonfarm Payrolls: 0.3% (as expected, neutral-positive, likely priced in).
Private Sector Employment: 256k vs. 163k expected—better-than-expected, a bearish signal for risk assets.
Unemployment Rate: 4.1% vs. 4.2% expected—lower unemployment is bearish for BTC (supports the dollar).

Takeaway:
The data is bonus for the dollar and potential downside risk for BTC. However, with recession fears off the table and a strong economic backdrop, markets might stabilize after the initial reaction.

With Nonfarm Payrolls fueling volatility, the NY session could be the decider. Will the we hold 90k, or is it a trap? Stay sharp, traders! 🎢

Next up: Inflation data on Jan 15—mark your calendars! 🗓️

10 Oca

Not

BTC continues to struggle with pushing higher, hovering near resistance around the weak high. Ideally, it stabilizes above 94k and holds the range, with consolidation above 93k creating room for money to flow into altcoins.

However, in a worst-case scenario, we should be ready to see liquidity picked up in the 88-89k range. Don't forget about risk management! 💹

7 gün önce

Not

Yesterday, Bitcoin showed a textbook liquidity grab, dipping to $89,256 before bouncing back to the consolidation zone. This move took some liqudity off and highlighted the importance of managing risks in volatile markets. Still, this is not the most volatile move we could see, so maybe, just maybe, we will se some bigger drop.

Looking ahead, the market is waiting for the key events like the CPI and PPI reports, as well as Trump’s inauguration next Monday. These could set the tone for the next big move.

Ideally, BTC continues its slow climb, holding above key levels while allowing capital to flow into ETH and altcoins. But let’s be real—nothing is guaranteed. For now, we’re back between levels, and patience is key.

Stay alert and stick to your game plan! 📊

3 gün önce

İşlem kapandı: hedefe ulaştı

That was super nice trade!
Trade closed :)