BTC (4H TIMEFRAME) BREAKOUT CONFIRMED*
After Lot Of Struggle, BTC Finally Breaks The Box.
For the last 2 weeks BTC was stuck inside the $76k - $82k range, building liquidity on both sides.
Now with this 4H candle close ABOVE $82.3k, we have a clear *Bullish Market Structure Break (BOS).
What this means:
1. The resistance that was holding price for weeks is now broken.
2. All the short positions stacked at the range high are now trapped.
3. Price is now entering *Upper External Liquidity* - where the real liquidations are sitting around $86k - $90k.
We don't have time to go all the way down to sweep the bottom. The bottom positions will have to come up to get liquidated at the top.
Path of least resistance is now UP. Looking for a retest of $82k - $82.5k box as support to continue higher.
Invalidation if we close back below $80.5k.
What do you think? Is $90k next?
$BTC #Bitcoin #BTC #Crypto #Trading
After Lot Of Struggle, BTC Finally Breaks The Box.
For the last 2 weeks BTC was stuck inside the $76k - $82k range, building liquidity on both sides.
Now with this 4H candle close ABOVE $82.3k, we have a clear *Bullish Market Structure Break (BOS).
What this means:
1. The resistance that was holding price for weeks is now broken.
2. All the short positions stacked at the range high are now trapped.
3. Price is now entering *Upper External Liquidity* - where the real liquidations are sitting around $86k - $90k.
We don't have time to go all the way down to sweep the bottom. The bottom positions will have to come up to get liquidated at the top.
Path of least resistance is now UP. Looking for a retest of $82k - $82.5k box as support to continue higher.
Invalidation if we close back below $80.5k.
What do you think? Is $90k next?
$BTC #Bitcoin #BTC #Crypto #Trading
