Let's zoom out. Bitcoin deserves a proper macro look.
The sell-off from $95k down to $59k was impulsive and clean. At the lows, an old unmitigated Daily Order Block absorbed the move and stopped the bleeding. That's not luck – that's structure working exactly as it should.
From there, BTC fought back. Choppy, slow, unconvincing – but it fought back. Price is now above Equilibrium and approaching the Golden Pocket around $83k.
Here's what I'm watching above:
▪️ Daily -OB at ~$87k – first major resistance
▪️ Daily -OB at ~$94k – the heavier zone
These two areas will likely have a bearish impact. The current price action is too choppy, too messy for a clean continuation. That tells me a pullback is more probable before any new impulse develops.
One level changes everything: a Daily close above $97k shifts this entire picture to bullish. Until then, I respect the supply above.
BTC is at a crossroads. The next few weeks will be telling.
What are your thoughts? Drop them in the comments ↓
Trade your plan. I share mine.
The sell-off from $95k down to $59k was impulsive and clean. At the lows, an old unmitigated Daily Order Block absorbed the move and stopped the bleeding. That's not luck – that's structure working exactly as it should.
From there, BTC fought back. Choppy, slow, unconvincing – but it fought back. Price is now above Equilibrium and approaching the Golden Pocket around $83k.
Here's what I'm watching above:
▪️ Daily -OB at ~$87k – first major resistance
▪️ Daily -OB at ~$94k – the heavier zone
These two areas will likely have a bearish impact. The current price action is too choppy, too messy for a clean continuation. That tells me a pullback is more probable before any new impulse develops.
One level changes everything: a Daily close above $97k shifts this entire picture to bullish. Until then, I respect the supply above.
BTC is at a crossroads. The next few weeks will be telling.
What are your thoughts? Drop them in the comments ↓
Trade your plan. I share mine.
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Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.