๐ Has the $BTC bullish run begun? ๐ The weekly OCL (Open-Close Level) and the RBS (Resistance-Become-Support) are aligned at the exact same level! ๐คฏ Is the next stop $90,000? Here is an important update on BTC.
๐ธ Hello everyone! Bringing you an update on BTC. First, letโs look at the weekly chart. We can identify a weekly Open-Close Level (OCL) at the $81,107 price point; the market has shown a bullish rejection from this level.
๐ธ On the daily chart, there is a strong bearish Order Block (OB) situated between the $91,000 and $88,776 levelsโthe market has not reached this zone yet. Currently, BTC is in a consolidation phase. Additionally, there is an RBS (Resistance-Become-Support) level at $86,586, which I have also marked as a weekly OCL. What confirmations can we find on lower timeframes?
๐น๐ Looking at the 4-hour and 1-hour charts, you can see a green Order Block (OB) below. This area has formed an SSL (Sell-Side Liquidity) via equal lows and is currently showing an MSS (Market Structure Shift). Consequently, I identify $82,054 as the next key bullish level. So, what are your thoughts on this? Please leave a comment below. Have a great day!
๐ธ Hello everyone! Bringing you an update on BTC. First, letโs look at the weekly chart. We can identify a weekly Open-Close Level (OCL) at the $81,107 price point; the market has shown a bullish rejection from this level.
๐ธ On the daily chart, there is a strong bearish Order Block (OB) situated between the $91,000 and $88,776 levelsโthe market has not reached this zone yet. Currently, BTC is in a consolidation phase. Additionally, there is an RBS (Resistance-Become-Support) level at $86,586, which I have also marked as a weekly OCL. What confirmations can we find on lower timeframes?
๐น๐ Looking at the 4-hour and 1-hour charts, you can see a green Order Block (OB) below. This area has formed an SSL (Sell-Side Liquidity) via equal lows and is currently showing an MSS (Market Structure Shift). Consequently, I identify $82,054 as the next key bullish level. So, what are your thoughts on this? Please leave a comment below. Have a great day!