HEXAGON17
--
‼️BTC PRICE ANALYSIS‼️
🔴 According to Daily Chart-
BTC is currently holding above the $103K region after sweeping the $101K sell-side liquidity. The previous bullish structure is still valid, and the price is likely targeting the mid-range of the ascending channel. The 100-day (orange) and 200-day (blue) moving averages are not far below, sitting at 92K and 95K, respectively, and continue to slope upward. This indicates that the long-term bullish momentum is not yet broken.
The RSI on the daily is recovering slightly from below 50, suggesting neutral momentum after days of cooling off. Until the asset breaks below the 100K–101K range, the current drop looks like a healthy correction in an uptrend. However, failure to reclaim the $106K–$108K resistance area quickly could increase the probability of revisiting the $95K–$97K order block, and even the two moving averages.
🔴 According to 4H Timeframe -
BTC wicked below the descending wedge pattern after finding strong demand near the $100K area and began a V-shaped recovery. This structure historically signals a bullish reversal, and the move back above $103K supports this case.
The sharp wick below $100K looks like a textbook liquidity grab, suggesting market makers ran stops before driving the price higher. If the buyers manage to hold above the $100K base and flip the $105K–$106K area, the door reopens for a push toward $108K and possibly a new all-time high above $112K. On the other hand, a failure to do so would likely lead to more range-bound action between $101K and $106K in the coming days.
#MarketPullbacks #BTCpredictions
$BTC
🔴 According to Daily Chart-
BTC is currently holding above the $103K region after sweeping the $101K sell-side liquidity. The previous bullish structure is still valid, and the price is likely targeting the mid-range of the ascending channel. The 100-day (orange) and 200-day (blue) moving averages are not far below, sitting at 92K and 95K, respectively, and continue to slope upward. This indicates that the long-term bullish momentum is not yet broken.
The RSI on the daily is recovering slightly from below 50, suggesting neutral momentum after days of cooling off. Until the asset breaks below the 100K–101K range, the current drop looks like a healthy correction in an uptrend. However, failure to reclaim the $106K–$108K resistance area quickly could increase the probability of revisiting the $95K–$97K order block, and even the two moving averages.
🔴 According to 4H Timeframe -
BTC wicked below the descending wedge pattern after finding strong demand near the $100K area and began a V-shaped recovery. This structure historically signals a bullish reversal, and the move back above $103K supports this case.
The sharp wick below $100K looks like a textbook liquidity grab, suggesting market makers ran stops before driving the price higher. If the buyers manage to hold above the $100K base and flip the $105K–$106K area, the door reopens for a push toward $108K and possibly a new all-time high above $112K. On the other hand, a failure to do so would likely lead to more range-bound action between $101K and $106K in the coming days.
#MarketPullbacks #BTCpredictions
$BTC
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
1
0