Bitcoin’s reaction after sweeping the lows is still looking relatively weak.
Saturday trading is usually quieter, with lower volume and choppy price action, so the current sideways movement isn’t too surprising.
We’re currently forming a scallop pattern on the LTF. For bullish continuation, this structure needs to hold and push price back toward the upside.
I’d like to see a strong reaction from this zone rather than prolonged consolidation.
If buyers fail to step in soon, the probability of another move lower increases, with $72.9K remaining a potential target for one final liquidity sweep.
Watching how price reacts here. The next move could be important.
#BTC #Bitcoin $BTC
Saturday trading is usually quieter, with lower volume and choppy price action, so the current sideways movement isn’t too surprising.
We’re currently forming a scallop pattern on the LTF. For bullish continuation, this structure needs to hold and push price back toward the upside.
I’d like to see a strong reaction from this zone rather than prolonged consolidation.
If buyers fail to step in soon, the probability of another move lower increases, with $72.9K remaining a potential target for one final liquidity sweep.
Watching how price reacts here. The next move could be important.
#BTC #Bitcoin $BTC
