Hi!
Bitcoin is currently trading within a broader range after a corrective phase on the 4H timeframe. Price recently reacted from a well-defined demand zone around the 84,000–85,000 area, where strong buying interest was previously observed. From this zone, a clear inverse head and shoulders structure has developed, with the head aligned at the demand area and the right shoulder forming at higher lows, indicating an improving bullish structure.
Price is now approaching the neckline area near 90,000–90,500, which aligns with a short-term supply zone. Acceptance above this level would confirm the pattern and open the path toward the upper resistance zone around 92,000. This area represents the next key liquidity pool and a logical upside target. Failure to hold above the neckline would likely result in further consolidation within the range rather than immediate continuation. Overall structure remains constructive as long as price holds above the demand zone.
Bitcoin is currently trading within a broader range after a corrective phase on the 4H timeframe. Price recently reacted from a well-defined demand zone around the 84,000–85,000 area, where strong buying interest was previously observed. From this zone, a clear inverse head and shoulders structure has developed, with the head aligned at the demand area and the right shoulder forming at higher lows, indicating an improving bullish structure.
Price is now approaching the neckline area near 90,000–90,500, which aligns with a short-term supply zone. Acceptance above this level would confirm the pattern and open the path toward the upper resistance zone around 92,000. This area represents the next key liquidity pool and a logical upside target. Failure to hold above the neckline would likely result in further consolidation within the range rather than immediate continuation. Overall structure remains constructive as long as price holds above the demand zone.
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avatrade.com/trading-account?p=Webtrader&tag=220256
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🔴 Forex channel: t.me/melikatrader94GoldForex
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📊 AVATrade Ambassador Join & explore:
avatrade.com/trading-account?p=Webtrader&tag=220256
-----------------
🟢 Telegram channel: t.me/melikatrader94
🔴 Forex channel: t.me/melikatrader94GoldForex
avatrade.com/trading-account?p=Webtrader&tag=220256
-----------------
🟢 Telegram channel: t.me/melikatrader94
🔴 Forex channel: t.me/melikatrader94GoldForex
Похожие публикации
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.