Are we ready for the next leg up? ๐๐๐
Looking at the higher timeframes, the structure is getting interesting.
Here is the weekly chart and why this $80k zone is critical right now.
After that massive rejection from the highs near $126k, we saw a heavy bleed down. The bottom was clearly marked at $57,747.76.
Since then, buyers have stepped in, printing higher lows and flipping that mid-range resistance into support.
Right now, we are hovering around $80,320.
The recent weekly candles show price consolidating in a bull flag/accumulation range right above the previous breakout level.
ยท Entry Zone: $78,500 - $80,500 (Current accumulation).
ยท Stop Loss: Hard invalidation below the $68,000 swing low (If we lose this, the structure breaks).
ยท First Target: $95,000 (Mid-range liquidity gap).
ยท Macro Target: Re-test of the $105k-$110k supply zone.
$BTC
Looking at the higher timeframes, the structure is getting interesting.
Here is the weekly chart and why this $80k zone is critical right now.
After that massive rejection from the highs near $126k, we saw a heavy bleed down. The bottom was clearly marked at $57,747.76.
Since then, buyers have stepped in, printing higher lows and flipping that mid-range resistance into support.
Right now, we are hovering around $80,320.
The recent weekly candles show price consolidating in a bull flag/accumulation range right above the previous breakout level.
ยท Entry Zone: $78,500 - $80,500 (Current accumulation).
ยท Stop Loss: Hard invalidation below the $68,000 swing low (If we lose this, the structure breaks).
ยท First Target: $95,000 (Mid-range liquidity gap).
ยท Macro Target: Re-test of the $105k-$110k supply zone.
$BTC
