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btc technical update
#BTC #FVG #vsa BTC/USDT 4-Hour Chart Update with Fair Value Gap Analysis
Fair Value Gap (FVG) Analysis
Identified Gaps:
1. Bearish FVG (Near 93,104 – 93,800):
The gap formed during the recent strong downward move.
The price could revisit this zone for a potential retracement before continuing its bearish trend.
2. Unfilled Gaps Above (Near 95,000 – 96,000):
A significant FVG lies in the range of 95,000 to 96,000, aligning with the EMA 55 and EMA 100. If the price reverses upward, this area could act as a magnet for liquidity, drawing price action back into balance.
3. Lower Gaps Below (Potential near 90,627):
If selling pressure persists, the price could target untested liquidity at or below 91,133. Any break below this level increases the likelihood of testing 90,627.
Updated Wyckoff Analysis
The structure appears to confirm a markdown phase, with the break below 91,952 reinforcing the bearish trend. Key observations:
Supply Dominance: High volume on down bars indicates significant selling activity.
Lack of Demand: Weak attempts to rally suggest buyers lack strength to counteract the selling pressure.
Potential Redistribution Zone:
The price action near the 93,104 level may act as a redistribution zone, where sellers regain control after brief bullish retracements.
Updated VSA Observations
1. Climactic Volume:
The increased volume during the recent bearish candlestick suggests further supply dominance.
If this volume diminishes on subsequent down bars, it could signal exhaustion of selling pressure and a potential short-term bounce.
2. Spread and Volume:
Wide spreads on down bars indicate heavy selling, possibly targeting liquidity pools below 91,133.
A narrow spread on low volume would confirm a temporary pause or support.
Projection and Strategy
Bearish Continuation:
Fair Value Gap Revisit (93,104 – 93,800):
A retracement to this zone could provide a selling opportunity for traders anticipating further downside.
Stop-loss placements could be set slightly above the gap.
Downside Targets:
A sustained break below 91,133 would confirm bearish continuation, with a target near 90,627 or lower.
Bullish Reversal:
Invalidation of Markdown:
A recovery above 93,800, followed by a retest of 95,000 (FVG and EMA 100), would signal a potential shift in momentum.
Watch for volume confirmation on upward moves.
Conclusion
The combination of FVG, Wyckoff, and VSA suggests that the market is in a redistribution phase with a bearish bias. The fair value gap near 93,104 – 93,800 is a critical zone to watch for potential retracements before further downside. Meanwhile, unfilled gaps near 95,000 – 96,000 may act as key resistance in the event of a bullish recovery.
Fair Value Gap (FVG) Analysis
Identified Gaps:
1. Bearish FVG (Near 93,104 – 93,800):
The gap formed during the recent strong downward move.
The price could revisit this zone for a potential retracement before continuing its bearish trend.
2. Unfilled Gaps Above (Near 95,000 – 96,000):
A significant FVG lies in the range of 95,000 to 96,000, aligning with the EMA 55 and EMA 100. If the price reverses upward, this area could act as a magnet for liquidity, drawing price action back into balance.
3. Lower Gaps Below (Potential near 90,627):
If selling pressure persists, the price could target untested liquidity at or below 91,133. Any break below this level increases the likelihood of testing 90,627.
Updated Wyckoff Analysis
The structure appears to confirm a markdown phase, with the break below 91,952 reinforcing the bearish trend. Key observations:
Supply Dominance: High volume on down bars indicates significant selling activity.
Lack of Demand: Weak attempts to rally suggest buyers lack strength to counteract the selling pressure.
Potential Redistribution Zone:
The price action near the 93,104 level may act as a redistribution zone, where sellers regain control after brief bullish retracements.
Updated VSA Observations
1. Climactic Volume:
The increased volume during the recent bearish candlestick suggests further supply dominance.
If this volume diminishes on subsequent down bars, it could signal exhaustion of selling pressure and a potential short-term bounce.
2. Spread and Volume:
Wide spreads on down bars indicate heavy selling, possibly targeting liquidity pools below 91,133.
A narrow spread on low volume would confirm a temporary pause or support.
Projection and Strategy
Bearish Continuation:
Fair Value Gap Revisit (93,104 – 93,800):
A retracement to this zone could provide a selling opportunity for traders anticipating further downside.
Stop-loss placements could be set slightly above the gap.
Downside Targets:
A sustained break below 91,133 would confirm bearish continuation, with a target near 90,627 or lower.
Bullish Reversal:
Invalidation of Markdown:
A recovery above 93,800, followed by a retest of 95,000 (FVG and EMA 100), would signal a potential shift in momentum.
Watch for volume confirmation on upward moves.
Conclusion
The combination of FVG, Wyckoff, and VSA suggests that the market is in a redistribution phase with a bearish bias. The fair value gap near 93,104 – 93,800 is a critical zone to watch for potential retracements before further downside. Meanwhile, unfilled gaps near 95,000 – 96,000 may act as key resistance in the event of a bullish recovery.
#nextmove #tradingtechnique $BTC
BTC/USDT 4-Hour Chart Analysis
Based on the BTC/USDT chart (4-hour timeframe)
Technical Analysis
1. Exponential Moving Averages (EMA):
EMA 10 (Yellow): At 93,947, acting as immediate dynamic resistance.
EMA 55 (Pink): At 96,289, representing a key level to overcome for a potential short-term trend reversal.
EMA 100 (Purple): At 96,620, serving as another resistance in a recovery attempt.
EMA 400 (Green): At 91,952, currently providing dynamic support. The price trading above this level suggests a possible bounce.
2. Support and Resistance Levels:
Key Resistance: At 94,685 (24-hour high) and 95,696 (near the EMA 55 level).
Key Support: At 91,203 (24-hour low) and 91,952 (EMA 400).
3. Volume Analysis:
A noticeable increase in volume during recent red candles indicates that selling pressure dominated. However, this could also signify absorption by buyers.
4. Current Trend:
Prevailing Downtrend: Evident from the bearish crossover of EMAs (EMA 10 and EMA 55 below EMA 100).
Potential Bounce: The price is attempting to break above EMA 10. A successful consolidation above this level may pave the way toward EMA 55 (96,289).
Projections and Conclusion
1. Bullish Scenario:
If the price breaks and closes above 94,685, it could target 96,620 (EMA 100) and move toward the 98,231 level.
2. Bearish Scenario:
A loss of support at 91,952 (EMA 400) may push the price toward the recent low of 91,203, with further downside potential to 90,627.
3. Key Indicator:
Observing price behavior around EMA 10 (93,947) and monitoring volume in this area will be crucial. Increased bullish volume would confirm buyers' intention to regain control.
BTC/USDT 4-Hour Chart Analysis
Based on the BTC/USDT chart (4-hour timeframe)
Technical Analysis
1. Exponential Moving Averages (EMA):
EMA 10 (Yellow): At 93,947, acting as immediate dynamic resistance.
EMA 55 (Pink): At 96,289, representing a key level to overcome for a potential short-term trend reversal.
EMA 100 (Purple): At 96,620, serving as another resistance in a recovery attempt.
EMA 400 (Green): At 91,952, currently providing dynamic support. The price trading above this level suggests a possible bounce.
2. Support and Resistance Levels:
Key Resistance: At 94,685 (24-hour high) and 95,696 (near the EMA 55 level).
Key Support: At 91,203 (24-hour low) and 91,952 (EMA 400).
3. Volume Analysis:
A noticeable increase in volume during recent red candles indicates that selling pressure dominated. However, this could also signify absorption by buyers.
4. Current Trend:
Prevailing Downtrend: Evident from the bearish crossover of EMAs (EMA 10 and EMA 55 below EMA 100).
Potential Bounce: The price is attempting to break above EMA 10. A successful consolidation above this level may pave the way toward EMA 55 (96,289).
Projections and Conclusion
1. Bullish Scenario:
If the price breaks and closes above 94,685, it could target 96,620 (EMA 100) and move toward the 98,231 level.
2. Bearish Scenario:
A loss of support at 91,952 (EMA 400) may push the price toward the recent low of 91,203, with further downside potential to 90,627.
3. Key Indicator:
Observing price behavior around EMA 10 (93,947) and monitoring volume in this area will be crucial. Increased bullish volume would confirm buyers' intention to regain control.
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