BITCOIN (BTCUSDT / BTC1!) — Explosive Rebound into 80.3k - 81.1k Supply Block 📈
Timeframe: Daily (1D - Running candle under observation) | Current Price: ~80,303.21
Key Zones:
Active Overhead Supply: 80,282.15 - 80,350.57 (Daily OB / SMT Zone) and above 81,976 - 82,574 (Daily IMB).
Downside Swept Base: 75,649.41 - 76,200 (Daily Order Block Support).
Action Plan: After taking a deep liquidity dip down to 75,649, Bitcoin has given an extraordinary bounce from our designated institutional Daily Order Block (D OB). In a single day, the price has taken a bullish expansion of nearly $3,000 and is currently positioned at the 80,303 level (today's high 81,163). Remember, today's daily candle is not closed yet. The price has directly entered the institutional supply block of 80,350 - 81,100. A safe confirmation for buyers would be to allow the daily candle to close with a body above 81,200 and sustain it. Otherwise, if a rejection forms from this supply zone, the price could retrace back down to the 78k - 79k range for a retest.
Timeframe: Daily (1D - Running candle under observation) | Current Price: ~80,303.21
Key Zones:
Active Overhead Supply: 80,282.15 - 80,350.57 (Daily OB / SMT Zone) and above 81,976 - 82,574 (Daily IMB).
Downside Swept Base: 75,649.41 - 76,200 (Daily Order Block Support).
Action Plan: After taking a deep liquidity dip down to 75,649, Bitcoin has given an extraordinary bounce from our designated institutional Daily Order Block (D OB). In a single day, the price has taken a bullish expansion of nearly $3,000 and is currently positioned at the 80,303 level (today's high 81,163). Remember, today's daily candle is not closed yet. The price has directly entered the institutional supply block of 80,350 - 81,100. A safe confirmation for buyers would be to allow the daily candle to close with a body above 81,200 and sustain it. Otherwise, if a rejection forms from this supply zone, the price could retrace back down to the 78k - 79k range for a retest.
