👀 BTC: possible LONG, waiting for 15-minute structure
On 4H, it reclaimed internal levels. On 15m, bullish displacement appeared, and price is now testing the 86.080–86.100 zone.
I’m waiting for that defense to hold and for a bullish breakout with a close. Breaking above 86.371,7 would strengthen the continuation case; after that, I’d look for a trigger on 1m/5m.
📊 I reviewed the BTCUSDT data on Binance:
• Open Interest: approximately 94.379 BTC, equivalent to 8.130 million USDT. In the series through 09:45, it fell 0,37% in one hour and 1,05% in six hours. Open positions still need to grow to support the move.
• Market buys/sells in futures: ratio of 1,13 in the latest closed 15m block, favoring buyers. But the one-hour balance was 0,85: sellers are in the majority.
• Reported funding: practically neutral. The latest settled rate was slightly negative: −0,001592%.
• Positions of traders with the highest margin: long/short ratio of 1,70. This group maintains greater long exposure; accounts across the broader market are practically 50/50.
• In spot, the one-hour flow was also close to balanced, with a slight selling edge.
There is a bullish possibility, but joint confirmation from structure and participation is still lacking.
If price loses the 86.080–86.100 defense and fails to reclaim it, I’ll rule out this setup. If it confirms, the next overhead chart reference is 86.683,9.
Would you wait for the breakout or for another defense of the zone? 👇
Source: Binance, checked on 6/10 at 09:57, Argentina time. Statistics by blocks through 09:45.
#BTC #Bitcoin #NexoTrading
On 4H, it reclaimed internal levels. On 15m, bullish displacement appeared, and price is now testing the 86.080–86.100 zone.
I’m waiting for that defense to hold and for a bullish breakout with a close. Breaking above 86.371,7 would strengthen the continuation case; after that, I’d look for a trigger on 1m/5m.
📊 I reviewed the BTCUSDT data on Binance:
• Open Interest: approximately 94.379 BTC, equivalent to 8.130 million USDT. In the series through 09:45, it fell 0,37% in one hour and 1,05% in six hours. Open positions still need to grow to support the move.
• Market buys/sells in futures: ratio of 1,13 in the latest closed 15m block, favoring buyers. But the one-hour balance was 0,85: sellers are in the majority.
• Reported funding: practically neutral. The latest settled rate was slightly negative: −0,001592%.
• Positions of traders with the highest margin: long/short ratio of 1,70. This group maintains greater long exposure; accounts across the broader market are practically 50/50.
• In spot, the one-hour flow was also close to balanced, with a slight selling edge.
There is a bullish possibility, but joint confirmation from structure and participation is still lacking.
If price loses the 86.080–86.100 defense and fails to reclaim it, I’ll rule out this setup. If it confirms, the next overhead chart reference is 86.683,9.
Would you wait for the breakout or for another defense of the zone? 👇
Source: Binance, checked on 6/10 at 09:57, Argentina time. Statistics by blocks through 09:45.
#BTC #Bitcoin #NexoTrading