Will BTCUSD Finally Break Long? Key Levels to Watch**
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Analyzing BTCUSD reveals a complex scenario. The high time frame (HTF) is currently in a correction phase, mitigating the discount demand zone. The mid-time frame (MTF) remains bearish, leaving room for short-term selling opportunities. However, the low time frame (LTF) holds the key, as a break in the internal Change of Character (i-CHoCH) would open long opportunities. If the LTF fails to break the i-CHoCH, we could see continued bearish momentum and short trades.
The overall bias remains neutral until BTCUSD makes a decisive move, but both bullish and bearish options are still in play depending on upcoming LTF movements.
Conclusion & Advice :
Traders should closely watch the LTF i-CHoCH levels. A break could signal long opportunities, while failure could continue the bearish trend. Be cautious with entry points, and ensure proper risk management during these pivotal market movements.