BTC Update on 4-Hour Frame:
The price is in a clear downward wave after breaking the upward structure and losing the upper liquidity areas. There are weak rebound attempts, but each rebound is met with quick selling pressure. The last low has not been broken yet, but liquidity is accumulating below the levels of 107,000, and we may see it targeted soon.
Trend: Bearish (Bearish)
Sell Entry: From any rebound towards 110,500 - 111,500 with a stop loss above 113,000.
Downward Targets:
- First Target: 106,000
- Second Target: 103,800
Buy signal only if the price returns above 113,000 and closes strongly above it.
The price is in a clear downward wave after breaking the upward structure and losing the upper liquidity areas. There are weak rebound attempts, but each rebound is met with quick selling pressure. The last low has not been broken yet, but liquidity is accumulating below the levels of 107,000, and we may see it targeted soon.
Trend: Bearish (Bearish)
Sell Entry: From any rebound towards 110,500 - 111,500 with a stop loss above 113,000.
Downward Targets:
- First Target: 106,000
- Second Target: 103,800
Buy signal only if the price returns above 113,000 and closes strongly above it.