On the 4H chart, BTC recently showed a clear bullish divergence that sparked an upward move. The current structure points toward a favorable liquidity zone between 120k and 118k, but the real test lies at the 122k level. If BTC can hold above 122k, momentum could continue, but failure to sustain will likely bring a rejection back near 119k. With the weekend approaching and typical sell pressure often kicking in around Monday or Tuesday, traders should stay cautious. Longs from lower levels are looking good, but this is not the moment to expect a fresh all-time high. Watch the liquidity flips and manage positions carefully.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.