Sunday turned out well 🤗. It closed the day above $BTC 80350 (in fact, it closed above 80700). So there wasn’t even a deviation (of course, if you look at this range on the 4-hour timeframe, it deviated both upward and downward, but I prefer to look at the daily chart). I think a 4-hour close above 82100 would be very positive. My bias will remain long unless we get a daily close below 80700. If that close happens, we’ll check whether there was a deviation and expect a reversal from the strong 77500–78500 support zone. YTD🙋🏻♂️
Price action is unfolding exactly as expected! 🤗 $BTC closed above $80,350 and even broke above $80,700. There was no deviation on the daily timeframe.
Although the 4-hour chart shows deviations in both directions, I’m more inclined to focus on the daily structure.
📈 If a 4-hour BTC candle closes above $82,100, that would be a very bullish signal.
As long as the daily close stays above $80,700, my outlook remains bullish (LONG).
If the daily close falls below $80,700, I’ll reassess the market structure, look for any deviations, and watch for a potential bounce from the strong support zone between $77,500 and $78,500.
It played out beautifully! 😵 $BTC closed above $80,350 and even above $80,700, with no deviation on the daily timeframe.
The 4H chart shows deviations in both directions, but I prefer to focus on the daily structure.
📈 A 4H close above $82,100 would be a very bullish signal.
My bias remains LONG as long as BTC holds above $80,700 on the daily close.
If we get a daily close below $80,700, I'll reassess the structure, look for a potential deviation, and watch for a bounce from the strong $77,500–$78,500 support zone.