BTC has broken above the long-term weekly resistance (dating back to 2021) and is now consolidating above that key level.
On the 4H timeframe, price action is forming a descending wedge, a structure often associated with potential bullish breakouts. Two primary scenarios are unfolding:
Scenario A: Price continues to decline within the wedge, potentially reaching the high-liquidity demand zone (highlighted in yellow). A strong bounce is expected from this area.
Scenario B: A breakout occurs before liquidity is swept—suggesting stronger buyer momentum and early bullish confirmation.
Trade entries will be aligned with whichever scenario plays out, with confirmation signals provided in the accompanying chart.
Disclaimer:
This analysis is based on my personnal views and is not a financial advice. Risk is under your control.
On the 4H timeframe, price action is forming a descending wedge, a structure often associated with potential bullish breakouts. Two primary scenarios are unfolding:
Scenario A: Price continues to decline within the wedge, potentially reaching the high-liquidity demand zone (highlighted in yellow). A strong bounce is expected from this area.
Scenario B: A breakout occurs before liquidity is swept—suggesting stronger buyer momentum and early bullish confirmation.
Trade entries will be aligned with whichever scenario plays out, with confirmation signals provided in the accompanying chart.
Disclaimer:
This analysis is based on my personnal views and is not a financial advice. Risk is under your control.
Trade active
Scenario B is playing out. Although the higher range of the current box is current resistance, I don't think that Prices will go to liquidity area before $128K.
Buy now good cryptos or waiting for prices to break the current box (in the consolidation zone 3).
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.