Bitcoin: Native Daily Update 🫡 At 9:30, live market review—join us, I’ll post the link in the comments below 👇 BTC H1 Liquidation Heatmap – After that dull sideways movement, we dropped one level lower to a lower price tier, and price has once again found balance. Currently, we have a similar path to liquidate shorts (the cluster is narrow and strongly lit) as well as a potential drop to another level below for further long liquidations. BTC M30 TPO Weekly + VWAP – The buying tail responded decisively. Demand strength emerged, pushing price back up to the VAL, where it encountered strong selling resistance defending this value area. We have a narrow range: a demand tail at the bottom, and above it, the lower VWAP band and VAL with TPO. BTC H1 – Yesterday, two identified supply zones reacted well: the first perfectly at the target, and the second, tested deeper, also produced a final reversal in the right direction. Both were successfully played out—I updated these on the group. A third zone remains higher up. We’re forming another D-shape, with price sitting perfectly on the POC, which is now the nearest support. Remember? Floor, ceiling, etc. BTC D1 – We should’ve started here 😅 Here, we’ve finally closed below the red ribbon and the POC that had been holding us. As I mentioned earlier: this tells me we’re returning to a downtrend, and I’m leaning more toward short positions. A price return above the ribbon would reverse this outlook. Damn, it was supposed to just go up already 😂 I remember last November, when we dropped below the ribbon—I wrote the exact same thing, and many people laughed 😅 That was around $100K per BTC. What I always say: I trade what I see, not what I think, feel, or want to see. Take this to heart—it helps 😎 Cheers 😎
TrejdingHubShare




Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.