BTC / Bitcoin

Absolutely nothing has changed from my point of view.

Only 3 lines are needed on your chart at 3 key levels.

$110,300 (Recent h4 level)

$106,100 (Daily Level)

$99,100 (Daily Level)

Let's talk about all of them and their significance:

The recent h4 level: Keeping it basic here. I need a level where price has interacted strongly with. This level provides a S&R flip as well as consolidation above the level.

$106,100: Breakout point set mid December of 2024. Strong rejection from the level.

Price interacted with the level later and had the same level of rejection before legging even lower.

Recently, price rejected just below the level before brief consolidation and blasting through to set our new highs.

This level has big interactions so it's a level where I expect there to be volume coming in.

Finally $99,100: The level that everyone and their mother should have highlighted. Breakout point from 2024.

Wicks at the level, bodies at the level, key breakouts or breakdowns from the level. Really everything I look for happening around here.

During the recent run up, price didn't take long to smash through. On a retest there, considering the historical significance, I would expect buyers to step in bigly.

You can use the h4 and h1 to pinpoint entries and exits based on the levels highlighted. You can use them as extra confluence for whatever you're looking for. It's important to be aware of them and where they are.

My personal approach is: See what happens at $106.1k and go from there. There's a lot of lows that could be swept along with a reclaim of the level which would be a great setup.

If no retest of $106.1k and no reclaim of $110,300 the best R:R for me is to wait and not do much.