$BTC Bitcoin Is Coiling Above Liquidity đ Sweep Before the Next Move?
Body:
đš $BTC is squeezing inside a triangle on the 5m chart near 84,600, pressing on the lower trendline with equal lows right beneath it.
đ§Č Why it matters: price tends to move toward resting liquidity. Two pools sit below:
1ïžâŁ Trendline + equal lows: around 84,500
2ïžâŁ Previous day low (PDL): around 83,850
đ My scenario: a clean break and retest of 84,500 as resistance opens the way to 84,200, then the PDL near 83,850.
đą That area also sits inside the bigger 83,500 to 84,000 demand zone, so I'm watching for a sweep and reclaim there, not just chasing the drop.
â Invalidation: a 5m close back above 84,700 cancels the idea.
đŹ Sweep and bounce, or continuation lower? Drop your view below đ
â ïž This is analysis, not a signal. Use a stop-loss and manage your risk. Not financial advice.
#BTC #Bitcoinâ #btcnews #BitcoinWarnings #BitcoinForecast
Body:
đš $BTC is squeezing inside a triangle on the 5m chart near 84,600, pressing on the lower trendline with equal lows right beneath it.
đ§Č Why it matters: price tends to move toward resting liquidity. Two pools sit below:
1ïžâŁ Trendline + equal lows: around 84,500
2ïžâŁ Previous day low (PDL): around 83,850
đ My scenario: a clean break and retest of 84,500 as resistance opens the way to 84,200, then the PDL near 83,850.
đą That area also sits inside the bigger 83,500 to 84,000 demand zone, so I'm watching for a sweep and reclaim there, not just chasing the drop.
â Invalidation: a 5m close back above 84,700 cancels the idea.
đŹ Sweep and bounce, or continuation lower? Drop your view below đ
â ïž This is analysis, not a signal. Use a stop-loss and manage your risk. Not financial advice.
#BTC #Bitcoinâ #btcnews #BitcoinWarnings #BitcoinForecast
