Short

BTCUSDT| Price Action Range| Dynamic S/R| Inside Bars| OB

Evening Traders,

Today’s analysis – BTCUSDT – trading under a key resistance being the range high where a deviation is probable,

Points to consider,
- Price Action Impulsive
- Range High Resistance
(Order Block)
- Range Low support
- Low Volume Insider Bars

BTCUSDT’s immediate price action is trading in an order block that is under resistance which will be broken, allowing for a bearish bias.

A deviation back within the range will make the $35.2K level being the objective, the next support.

The current volume profile is below average, an influx is highly imminent as the current closes are inside bars.

Overall, in my opinion, BTCUSDT is likely to have a liquidity grab, allowing for a risk defined entry. Price action is to be used upon discretion/ management.

Hope this analysis helps

Thank you for following my work

And remember,

“A quiet mind is able to hear intuition over fear.”
― Yvan Byeajee

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