BTC has been in a clear downtrend since the beginning of May, and the old saying “Sell in May and go away” played out well, with price dropping around -12.5% in 24 days.
Over the past 3 days, BTC has been consolidating in a tight trading range. This means liquidity is building on both sides, setting up the market for the next liquidity hunt.
Another important factor: today is the final day of the month, and tomorrow begins a new monthly candle.
This matters because monthly closes and monthly opens are highly important levels in the market. Large players often use the end of the month to rebalance, close positions, defend key levels, or create liquidity traps before the new month begins. The new monthly open can also become an important reference point for the next trend direction.
That means we should be careful with fake moves, stop hunts, and sudden volatility around the monthly close and new monthly open. A strong reaction from key support or rejection from resistance will be much more important than chasing price in the middle of the range.
For the next move, I’d like to see another attempt to the downside. The 0.618 Fibonacci retracement sits around $71.8K, in confluence with the anchored VWAP, which is positioned just below it as an additional support layer.
We also have multiple confluences around the $72K–$71K zone, including:
Based on the current structure, the highest-probability long setup would be around $72K–$71K, targeting a move back toward the $75K resistance zone. The stop loss would sit below the 0.666 Fibonacci retracement, giving the setup roughly a 1:3 R:R.
On the other side, a potential short opportunity awaits around the $75K–$76K resistance zone, but only if price shows a clear rejection.
Right now, BTC is sitting in a no-trade zone / scalp-only zone. The plan is clear:
Wait for price to reach the key zones, then watch for confirmation and reaction.
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Over the past 3 days, BTC has been consolidating in a tight trading range. This means liquidity is building on both sides, setting up the market for the next liquidity hunt.
Another important factor: today is the final day of the month, and tomorrow begins a new monthly candle.
This matters because monthly closes and monthly opens are highly important levels in the market. Large players often use the end of the month to rebalance, close positions, defend key levels, or create liquidity traps before the new month begins. The new monthly open can also become an important reference point for the next trend direction.
That means we should be careful with fake moves, stop hunts, and sudden volatility around the monthly close and new monthly open. A strong reaction from key support or rejection from resistance will be much more important than chasing price in the middle of the range.
For the next move, I’d like to see another attempt to the downside. The 0.618 Fibonacci retracement sits around $71.8K, in confluence with the anchored VWAP, which is positioned just below it as an additional support layer.
We also have multiple confluences around the $72K–$71K zone, including:
- Bullish trendline support
- 0.618 Fib speed fan
- 0.618 Fibonacci retracement
- Anchored VWAP support
- Downtrend channel structure
Based on the current structure, the highest-probability long setup would be around $72K–$71K, targeting a move back toward the $75K resistance zone. The stop loss would sit below the 0.666 Fibonacci retracement, giving the setup roughly a 1:3 R:R.
On the other side, a potential short opportunity awaits around the $75K–$76K resistance zone, but only if price shows a clear rejection.
Right now, BTC is sitting in a no-trade zone / scalp-only zone. The plan is clear:
- Long opportunity: $72K–$71K
- Short opportunity: $75K–$76K
Wait for price to reach the key zones, then watch for confirmation and reaction.
_________________________________
💬 If you found this helpful, drop a like and comment!
הערה
1H TF Trend:הערה
BTC reacted perfectly from the 0.618 fib of this pitchfork, now I'd like to see a bounce and confirmation from this area
הערה
הערה
Confluence:הערה
הערה
BTC is trading below all VWAPs, with 72.1K acting as the nearest resistance:הערה
Bears continue to dominate with no real follow-through. Eyeing 69K as the next targetהערה
67K -> 0.886 Fib confluence:הערה
Potential Head & Shoulders Pattern:הערה
The 65K low was swept, which gave a much cleaner long entry shortly after. TP target for this long setup is around 70K:הערה
Another long opportunity sits between 62.9K-62.2KThe downtrend is still intact with 65K acting as the current resistance that needs to be reclaimed
הערה
Bearish trend is still intact. BTC just swept the low at 61.38K, which offered a low-risk long entry for this push into the 63K resistance zoneNow its getting interesting as we're very close to either breaking this bearish trend or seeing one more move toward 60K low to sweep liquidity
הערה
Bears remain in control for now. What I'd like to see next is BTC holding the 60K level as support, followed by a recovery back toward 66K resistance zone.הערה
I'd like to see BTC push toward 66K next:
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המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.
🏆 Mastering Fibonacci for precision trading
🔹 Sharing high-probability trade setups
⚡ Unlock the power of technical analysis!
🔹 Sharing high-probability trade setups
⚡ Unlock the power of technical analysis!
פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.