#BTC
A sharp drop occurred early yesterday, creating a gap between 84535 and 85406, but it was not fully filled. Price then began a slow decline on increased volume. Structurally, this is a normal occurrence here, as the price is in a buyer liquidity zone. The overall approach is the same as yesterday. Today, watch for a downside wick to 82535 followed by a quick rebound, while also keeping an eye on the external low at 80168. This is the 4-hour external low, i.e. a structure-shift point. For a long entry, wait for the 15-minute chart to move above 83700, then wait for a pullback to enter. For the specific reasoning, refer to today’s upcoming video.
A sharp drop occurred early yesterday, creating a gap between 84535 and 85406, but it was not fully filled. Price then began a slow decline on increased volume. Structurally, this is a normal occurrence here, as the price is in a buyer liquidity zone. The overall approach is the same as yesterday. Today, watch for a downside wick to 82535 followed by a quick rebound, while also keeping an eye on the external low at 80168. This is the 4-hour external low, i.e. a structure-shift point. For a long entry, wait for the 15-minute chart to move above 83700, then wait for a pullback to enter. For the specific reasoning, refer to today’s upcoming video.
