Picture this: last week $BTC was probing those range lows and the timeline was already pricing in another 10k drop.
The pain is familiar. You either dump at the lows convinced more pain is coming, or you freeze waiting for a confirmation that always feels one candle away.
$BTC has now reclaimed the range lows and is holding above them with real acceptance. On the lower timeframes it already printed a higher low and is close to a higher high. This structure looks a lot like the bounce we saw after the October 2023 range test, when similar LTF shifts preceded a strong grind higher, unlike $ETH which often needed extra time to follow.
From here a continuation into the $85k region feels likely because that is where most of the short-term liquidity currently sits. If bulls push through that level with momentum we could see the next leg, much the way $SOL has overshot these liquidity pockets in past recoveries.
Where do you think this setup goes from here?
#Bitcoin #MarketStructure #CryptoTrading
The pain is familiar. You either dump at the lows convinced more pain is coming, or you freeze waiting for a confirmation that always feels one candle away.
$BTC has now reclaimed the range lows and is holding above them with real acceptance. On the lower timeframes it already printed a higher low and is close to a higher high. This structure looks a lot like the bounce we saw after the October 2023 range test, when similar LTF shifts preceded a strong grind higher, unlike $ETH which often needed extra time to follow.
From here a continuation into the $85k region feels likely because that is where most of the short-term liquidity currently sits. If bulls push through that level with momentum we could see the next leg, much the way $SOL has overshot these liquidity pockets in past recoveries.
Where do you think this setup goes from here?
#Bitcoin #MarketStructure #CryptoTrading
