$BTC Price has now successfully swept the lows and immediately closed back above them.
Additionally, we have seen a bullish market structure shift on lower timeframes. These are often early signs that a local bottom is forming.
If buyers continue to defend the $83k level as strongly as they have in the past, we could definitely see another larger bounce from here.
However, if the aggressive selling pressure weโve seen over the past few days persists and we get a confirmed break below $83k, thereโs a high chance we take out the unswept low around $80k.
This is my next area of interest for another swing long and therefore also where I have placed my next bids.
For now, I will be watching the reaction around the current lows closely, especially going into New York open.
#BTC #FedMinutesFocusOnOctoberPause
Additionally, we have seen a bullish market structure shift on lower timeframes. These are often early signs that a local bottom is forming.
If buyers continue to defend the $83k level as strongly as they have in the past, we could definitely see another larger bounce from here.
However, if the aggressive selling pressure weโve seen over the past few days persists and we get a confirmed break below $83k, thereโs a high chance we take out the unswept low around $80k.
This is my next area of interest for another swing long and therefore also where I have placed my next bids.
For now, I will be watching the reaction around the current lows closely, especially going into New York open.
#BTC #FedMinutesFocusOnOctoberPause