Range action on $BTC at 78,003 after the daily structure just broke down. 📉
Weekly has higher highs/lows (key swing 74,968, support 73,482 [5 tests], resistance 88,326 [3 tests]). Daily is a range, inside bar close (support 76,444 [5 tests], resistance 79,237 [10 tests]). 4H is a range, bullish engulfing close (support 76,250 [5 tests], resistance 79,673 [7 tests]).
If the daily closes above 80,394, next zone is 82,164. Lose 76,000 and 74,346 is in play.
Patiently watching how this plays out.
NFA
#BTC #PriceAction #CryptoAnalysis
Weekly has higher highs/lows (key swing 74,968, support 73,482 [5 tests], resistance 88,326 [3 tests]). Daily is a range, inside bar close (support 76,444 [5 tests], resistance 79,237 [10 tests]). 4H is a range, bullish engulfing close (support 76,250 [5 tests], resistance 79,673 [7 tests]).
If the daily closes above 80,394, next zone is 82,164. Lose 76,000 and 74,346 is in play.
Patiently watching how this plays out.
NFA
#BTC #PriceAction #CryptoAnalysis
