$BTC -0.6% Grind Lower: Bearish 1H Structure Still in Control
My bias remains bearish on the 1H as lower highs and lower lows continue to hold, with price trading below both EMAs on relatively quiet volume. The weekly structure also favors sellers, while the bullish daily trend makes this a counter-trend short, so confirmation is essential.
I’m watching the 78636–78970 liquidity zone for a rejection. A rejection wick, bearish engulfing candle, or lower-timeframe structure shift could trigger the short setup.
Downside targets: 78133 → 77768 → 76947.
Invalidation: a 1H close above 78969.6 would break the bearish structure and shift my 1H bias bullish.$BTC
#BTC #Bitcoin #CryptoTrading #TechnicalAnalysis #BinanceSquare
My bias remains bearish on the 1H as lower highs and lower lows continue to hold, with price trading below both EMAs on relatively quiet volume. The weekly structure also favors sellers, while the bullish daily trend makes this a counter-trend short, so confirmation is essential.
I’m watching the 78636–78970 liquidity zone for a rejection. A rejection wick, bearish engulfing candle, or lower-timeframe structure shift could trigger the short setup.
Downside targets: 78133 → 77768 → 76947.
Invalidation: a 1H close above 78969.6 would break the bearish structure and shift my 1H bias bullish.$BTC
#BTC #Bitcoin #CryptoTrading #TechnicalAnalysis #BinanceSquare
short??
65%
Long???
35%
Scalping????
0%
17 投票 • 投票は終了しました