$BTC is back near the floor of the box it's been stuck in since Oct 12.
Binance BTC/USDT 4H, ~00:00 IST Friday:
- Price ~$81.18k, −4.2% on 24h
- Wednesday night's wick to $84,898 failed; the daily closed back inside at $84,093
- Six straight 4H candles without a higher close since, with today's low at $80,939
The map I'm watching:
RECLAIM: a 4H close back above ~$82.1k, the middle of the box, turns this into another range bounce
SHELF: ~$80.7–80.9k, where the Oct 16, Oct 18 and today's dips all stopped
FLOOR: $79,800, the Oct 15 low and bottom of the box
INVALID for the range: a 4H close under ~$79.8k ends the 11-day box and opens fresh lows
Inside a box, the edges matter and the middle is noise. A wick through the floor isn't a breakdown; a close is.
Floor holds this weekend, or finally breaks? Reply HOLD or BREAK.
For discussion, not financial advice.
#Bitcoin #BinanceSquare #CryptoTrading
Binance BTC/USDT 4H, ~00:00 IST Friday:
- Price ~$81.18k, −4.2% on 24h
- Wednesday night's wick to $84,898 failed; the daily closed back inside at $84,093
- Six straight 4H candles without a higher close since, with today's low at $80,939
The map I'm watching:
RECLAIM: a 4H close back above ~$82.1k, the middle of the box, turns this into another range bounce
SHELF: ~$80.7–80.9k, where the Oct 16, Oct 18 and today's dips all stopped
FLOOR: $79,800, the Oct 15 low and bottom of the box
INVALID for the range: a 4H close under ~$79.8k ends the 11-day box and opens fresh lows
Inside a box, the edges matter and the middle is noise. A wick through the floor isn't a breakdown; a close is.
Floor holds this weekend, or finally breaks? Reply HOLD or BREAK.
For discussion, not financial advice.
#Bitcoin #BinanceSquare #CryptoTrading