$BTC bounce after swept the October 30th low
This is a strong indication that bulls are attempting to defend the price of BTC in the most crucial demand zone around 75k which is the HTF support.
Although the price looks a little bit bullish right now but it hasn't still confirming anything from the chart perspective.
Price is still struggling to reclaim back above the broken support trend line and still needs to manage to close above the $79k as the current LTF high.
I'm still in the same camp as yesterday although we've seen a liquidity sweep below October 30th which makes the case of relief rally becoming better as of now.
If price can manage to close above the $79k in hourly basis with strong momentum from spot demand, I'll consider to take scalp long position with the target of $82k as the nearest target.
This will be a very conservative view yet I'm seeing it can still give us a possible 3%+ gain.
Will watch how today's US market react.
#USOctoberNFP-AreRateCutsStillPossible #BinanceIncidentReport #BinanceHourlyDepositsExceedWithdrawals #BinanceReopensWithdrawalsForMoreAssets
This is a strong indication that bulls are attempting to defend the price of BTC in the most crucial demand zone around 75k which is the HTF support.
Although the price looks a little bit bullish right now but it hasn't still confirming anything from the chart perspective.
Price is still struggling to reclaim back above the broken support trend line and still needs to manage to close above the $79k as the current LTF high.
I'm still in the same camp as yesterday although we've seen a liquidity sweep below October 30th which makes the case of relief rally becoming better as of now.
If price can manage to close above the $79k in hourly basis with strong momentum from spot demand, I'll consider to take scalp long position with the target of $82k as the nearest target.
This will be a very conservative view yet I'm seeing it can still give us a possible 3%+ gain.
Will watch how today's US market react.
#USOctoberNFP-AreRateCutsStillPossible #BinanceIncidentReport #BinanceHourlyDepositsExceedWithdrawals #BinanceReopensWithdrawalsForMoreAssets
