đš $BTC IS BOUNCING â BUT THIS IS NOT THE PLACE TO CHASE A LONG.
The latest closed H1 candle finished at $84,259.9.
BTC has broken above $83,813.8, so the short-term structure is improving. But the breakout volume was only about 0.69Ă the recent average.
Thereâs another warning: the previous rally reached $85,632.7 and was sold off hard with very high volume.
Now price is moving toward the $84,400â$84,462.6 resistance zone, and it still hasnât retested the broken $83,813.8 level.
âȘ NO CLEAR EDGE â SKIP TRADE
Levels Iâm watching:
Support: $83,325.1â$83,360
Resistance: $84,400â$84,462.6
For a safer Long idea, I want to see an H1 close above resistance, followed by a pullback that holds with stronger volume.
An H1 close below $83,325.1 would weaken the current recovery.
There is no confirmed entry, SL or TP right now. A green candle is not automatically a buy signal.
Will buyers turn the next pullback into supportâor will this breakout fail again? đ
$BTC #Wyckoff #SMC
Paper analysis only. Not financial advice.
The latest closed H1 candle finished at $84,259.9.
BTC has broken above $83,813.8, so the short-term structure is improving. But the breakout volume was only about 0.69Ă the recent average.
Thereâs another warning: the previous rally reached $85,632.7 and was sold off hard with very high volume.
Now price is moving toward the $84,400â$84,462.6 resistance zone, and it still hasnât retested the broken $83,813.8 level.
âȘ NO CLEAR EDGE â SKIP TRADE
Levels Iâm watching:
Support: $83,325.1â$83,360
Resistance: $84,400â$84,462.6
For a safer Long idea, I want to see an H1 close above resistance, followed by a pullback that holds with stronger volume.
An H1 close below $83,325.1 would weaken the current recovery.
There is no confirmed entry, SL or TP right now. A green candle is not automatically a buy signal.
Will buyers turn the next pullback into supportâor will this breakout fail again? đ
$BTC #Wyckoff #SMC
Paper analysis only. Not financial advice.
