Currently, for traders, we are playing the range of the swing low $80,000- $94,000. If you look at the 4-hour TF, $89,000 region is a support and watch it on the daily TF, we held and bounced there, but the obstacle remains the supply zone of $94,000-$96,000 region. If the Bulls break it with good volume, and we perfectly retest it, then $100,000 is next, but if we fail to close above it, then we come back to $83,000-$85,000 and probably test the swing low of $80,000. Also, looking at the liquidity heatmap, there are a lot of late shorts that need to be cleared around the $97,000-$100,000 region
For investors, our key levels remain, $83,000-$85,000, which already bought and the $74,508 levels.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
$BTC
Currently, for traders, we are playing the range of the swing low $80,000- $94,000. If you look at the 4-hour TF, $89,000 region is a support and watch it on the daily TF, we held and bounced there, but the obstacle remains the supply zone of $94,000-$96,000 region. If the Bulls break it with good volume, and we perfectly retest it, then $100,000 is next, but if we fail to close above it, then we come back to $83,000-$85,000 and probably test the swing low of $80,000.
Also, looking at the liquidity heatmap, there are a lot of late shorts that need to be cleared around the $97,000-$100,000 region
For investors, our key levels remain, $83,000-$85,000, which already bought and the $74,508 levels.
#NFA