#btc 📈 $BTC DAILY UPDATE 1H Timeframe Price action’s bee | Mutaasa omega on Binance Square

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#btc 📈 $BTC DAILY UPDATE
1H Timeframe
Price action’s been volatile and a bit unpredictable lately, which threw off yesterday’s analysis.
BTC ended up sweeping liquidity to the upside, but now it’s back on track.
In the short term, my view still hasn't changed. We’re still looking for downside into the purple FVG at around $116,800.

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#btc 📈 $BTC DAILY UPDATE 1H Timeframe Yesterday’s target was hit perfectly, price tapped the zone and bounced right after, just as outlined. Now, BTC is facing rejection from a small bearish FVG (gray box). If it fails to break through, expect a revisit to the same purple FVG from yesterday. But where is this all going? In my view, it’s just short-term noise before we see $114K, aligned with the 12H FVG mentioned in previous updates. So unless that FVG gets hit, I recommend staying sidelined.

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#btc 📈 $BTC DAILY UPDATE 1D Timeframe Bitcoin has reached our Fibonacci target at $121K, but price is starting to show signs of weakness, highlighted by a long upper wick, signaling selling pressure. The nearest support is the FVG (purple rectangle) sitting at $114K, which is a -5.8% drawdown from here. At this stage, the risk-to-reward for entering a position is not favorable. The best move now is to stay patient and do nothing, let the market develop, and shift focus to strong altcoins sitting at key support zones.

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#BTCBreaksATH 📈 $BTC DAILY UPDATE 1H Timeframe Following yesterday’s daily update, the mid-term target at $121K remains the same. However, in the short term, price looks weak and is likely heading toward the green support zone, taking liquidity on the way down as well. If you’re looking to open up a position, the green support zone is the ideal area. Remember, short-term noise doesn’t change the bigger picture, the target is still $121K.

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#btc 📈 $BTC DAILY UPDATE 12H Timeframe Bitcoin is finally in price discovery, which is good, but also means future price action gets harder to predict. The closest target based on the fibonacci level is at $121K. That’s +3% upside from here, so there’s still a bit of room. However, the downside risk to the nearest support zone is about - 5.88%. Which means, you’re risking more than you stand to gain. ⚠️ In short: start taking profits. For those who are still sidelined, be patient, the downside risk outweighs the upside for now.

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#BTC 📈$BTC ANALYSIS - NEW ALL TIME HIGHS 4H Timeframe Long term, I’ve always been bullish on BTC, but I expected a pullback first. Instead, price pumped unexpectedly and invalidated yesterday’s short term setup. That pump reshaped the price structure, what was previously key resistance zone has now flipped into a support zone. In my opinion, the best entry area is around $110K. Price could always keep moving higher, but if you’re aiming for a cleaner setup, the gray box I marked is a solid entry zone.

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