$BTC DAILY/LOWER TF BREAKDOWN 📊 | PART 5
Now we're moving down to the Daily timeframe, and this is where the higher-timeframe work starts to make more sense.
I didn't add every Daily Open and Close to the chart because many of them were already lining up with the Weekly levels. Adding all of them would only make the chart messy without giving us much more information.
Instead, I focused on how price was reacting around the key levels we had already marked.
And honestly, this is where the setup became interesting. BTC respected one of those key levels beautifully, giving me a 1:3 scalp setup. Price reacted almost exactly where the higher-timeframe analysis suggested it could.
This is the main reason I'm doing this entire top-down series.
We start from the Yearly → Quarterly → Monthly → Weekly → Daily, build our key levels along the way, and then use the lower timeframe to find the actual opportunity.
With the current Weekly structure looking bullish, I'm more interested in buying confirmed breakouts and retests rather than chasing candles. If BTC breaks a resistance, holds it as support on the retest, and gives confirmation, the next key level becomes the potential target.
Break → Retest → Confirmation → Next level.
That's the kind of structure I'm looking for.
The higher timeframes give us the map. The lower timeframes give us the entry.
NFA!
#BTC Price Analysis# #BTC #Macro Insights#
Now we're moving down to the Daily timeframe, and this is where the higher-timeframe work starts to make more sense.
I didn't add every Daily Open and Close to the chart because many of them were already lining up with the Weekly levels. Adding all of them would only make the chart messy without giving us much more information.
Instead, I focused on how price was reacting around the key levels we had already marked.
And honestly, this is where the setup became interesting. BTC respected one of those key levels beautifully, giving me a 1:3 scalp setup. Price reacted almost exactly where the higher-timeframe analysis suggested it could.
This is the main reason I'm doing this entire top-down series.
We start from the Yearly → Quarterly → Monthly → Weekly → Daily, build our key levels along the way, and then use the lower timeframe to find the actual opportunity.
With the current Weekly structure looking bullish, I'm more interested in buying confirmed breakouts and retests rather than chasing candles. If BTC breaks a resistance, holds it as support on the retest, and gives confirmation, the next key level becomes the potential target.
Break → Retest → Confirmation → Next level.
That's the kind of structure I'm looking for.
The higher timeframes give us the map. The lower timeframes give us the entry.
NFA!
#BTC Price Analysis# #BTC #Macro Insights#