Hey Fellow Traders! 👋
Bitcoin (BTC) has been on a wild ride after hitting its all-time high (ATH)! 📈 Since then, it’s been consolidating, generating liquidity, and setting the stage for the next big move. Meanwhile, altcoins are absolutely booming, stealing the spotlight! 💥 As we kick off the week, let’s dive into what’s happening with BTC and what to watch for.
📊 Technical Analysis Breakdown
Here’s what I’m seeing on the charts:
Head and Shoulders Pattern: A clear head and shoulders has formed on BTC, signaling a potential bearish move. 🐻
Daily Timeframe Order Blocks: These are in play, showing key levels of support and resistance.
Filled Fair Value Gap (FVG): A recent FVG on the daily chart has been filled, but there’s still a beautiful 4H FVG waiting to be tested below.
Liquidity Sweep: After the ATH, BTC needs to clear the liquidity from the past few days before it can push for new highs.
🔍 What’s Next for BTC?
I’m expecting a bearish reaction in the near term, with BTC targeting the sell-side liquidity around $115,800. This move should also fill the 4H FVG, setting the stage for a potential bounce and another shot at the ATH. 🚪 Keep an eye on these levels, as they’ll be critical for the next big move!
🔔 Stay in the Loop!
Let’s keep the conversation going! 💬 Follow for more updates, like if you found this helpful, and drop a comment with your thoughts or what you’re seeing in the markets. Are you trading BTC or riding the altcoin wave? Let’s hear it! 👇
Happy trading, and let’s make this week count! 💪
#Crypto #Bitcoin #Trading #TechnicalAnalysis #TechnicalAnalysisBTC
