$BTC | PLAN FOR THE SIXTH DAY (02/10)
• Status: Not placed on an order yet. Priority is to wait for H4 confirmation of an upward reversal for a Long.
• Reason: Price reacted strongly higher at the H4 FVG (the orange-colored zone). Buying pressure is returning, but the H4 structure has not yet shifted to bullish.
• Long scenario:
1. The H4 candle closes above 85,600 (confirming H4 MSS).
2. Wait for price to retrace back to around 85,000 → Open a small timeframe to look for an entry.
• Target (DOL): The prior high around 87,400 (BSL).
• Invalidation: H4 only sweeps the wick over 85,600 then retracts, or price closes the candle’s body below the bottom of 82,850.
(Personal viewpoint, not investment advice)
• Status: Not placed on an order yet. Priority is to wait for H4 confirmation of an upward reversal for a Long.
• Reason: Price reacted strongly higher at the H4 FVG (the orange-colored zone). Buying pressure is returning, but the H4 structure has not yet shifted to bullish.
• Long scenario:
1. The H4 candle closes above 85,600 (confirming H4 MSS).
2. Wait for price to retrace back to around 85,000 → Open a small timeframe to look for an entry.
• Target (DOL): The prior high around 87,400 (BSL).
• Invalidation: H4 only sweeps the wick over 85,600 then retracts, or price closes the candle’s body below the bottom of 82,850.
(Personal viewpoint, not investment advice)
