【Structure Watch #023｜$BTC 4H】Highs and lows are both moving lower, with price hugging the bottom of the range
Previous check-in: Yesterday at 20:00, I marked BTC at 80,490–82,846. The current price of 81,156 is still within that range, and neither boundary has been touched.
At 08:00, the current price was 81,156, down 0.28% over 24 hours, with a trading volume of 9.095 billion U. The intraday high was 82,035 and the low was 80,462.
① Structure: The highs and lows of the last 30 candles are both declining, so the direction is consistent. The range is 80,841–84,499, with a width of 4.5%. The current price is only at the 9th percentile of the range, essentially hugging its lower boundary. MA25 is at 82,284, still above the price. Its slope over the last 5 candles is -0.18%—the moving average is pressing down, not providing support.
② Volume and price: Volume over the last 10 candles is 0.84 times that of the previous 30, roughly in line with the earlier period, with no significant increase. Only 2 of the last 10 candles closed green. The low number of green candles suggests this decline has met little meaningful resistance.
③ Confluence: Above, the 81,864–82,238 area combines the previous high at 81,864 and Fib 0.618 at 82,238, giving it two sources of confluence. Below, there is only one source in the 79,871–80,841 area, so its reliability should be treated with caution.
④ Funding and positioning: The funding rate is +0.0039%, so longs are paying. Open interest has changed by -3.33% over 7 four-hour candles, indicating positions are being closed. The long/short account ratio is 2.09: accounts lean long, while open interest is declining—the two are out of sync.
Levels to watch: Above, 81,864–82,846; below, 79,871–80,841.
1H view: Over the last 12 hours, price has moved between 80,462 and 82,035. The latest close is at the 44th percentile, slightly below the midpoint.
Invalidation: If a 4H candle closes above 82,846 or below 79,871, this assessment is invalidated.
The previous high at 81,864 above and the range low at 80,841 below are the two levels I’m watching. The lines on your chart may not be the same ones I’ve drawn.
This is a record of market structure based on public data, not a trading recommendation. You are responsible for your own gains and losses.
$BTC
#技术分析 #合约交易 #Bitcoin
Previous check-in: Yesterday at 20:00, I marked BTC at 80,490–82,846. The current price of 81,156 is still within that range, and neither boundary has been touched.
At 08:00, the current price was 81,156, down 0.28% over 24 hours, with a trading volume of 9.095 billion U. The intraday high was 82,035 and the low was 80,462.
① Structure: The highs and lows of the last 30 candles are both declining, so the direction is consistent. The range is 80,841–84,499, with a width of 4.5%. The current price is only at the 9th percentile of the range, essentially hugging its lower boundary. MA25 is at 82,284, still above the price. Its slope over the last 5 candles is -0.18%—the moving average is pressing down, not providing support.
② Volume and price: Volume over the last 10 candles is 0.84 times that of the previous 30, roughly in line with the earlier period, with no significant increase. Only 2 of the last 10 candles closed green. The low number of green candles suggests this decline has met little meaningful resistance.
③ Confluence: Above, the 81,864–82,238 area combines the previous high at 81,864 and Fib 0.618 at 82,238, giving it two sources of confluence. Below, there is only one source in the 79,871–80,841 area, so its reliability should be treated with caution.
④ Funding and positioning: The funding rate is +0.0039%, so longs are paying. Open interest has changed by -3.33% over 7 four-hour candles, indicating positions are being closed. The long/short account ratio is 2.09: accounts lean long, while open interest is declining—the two are out of sync.
Levels to watch: Above, 81,864–82,846; below, 79,871–80,841.
1H view: Over the last 12 hours, price has moved between 80,462 and 82,035. The latest close is at the 44th percentile, slightly below the midpoint.
Invalidation: If a 4H candle closes above 82,846 or below 79,871, this assessment is invalidated.
The previous high at 81,864 above and the range low at 80,841 below are the two levels I’m watching. The lines on your chart may not be the same ones I’ve drawn.
This is a record of market structure based on public data, not a trading recommendation. You are responsible for your own gains and losses.
$BTC
#技术分析 #合约交易 #Bitcoin