Bitcoin is currently retesting a key supply zone around 121.7K–122.3K, aligning with previous structure highs and imbalance.
This zone will likely determine the next major intraday move.
Market Outlook:
📊 Previous Day High: 123,841 – acts as upside liquidity target
🟨 Key Zone: 121.7K–122.3K (potential reaction area)
🧠 Scenarios:
Bullish: Clean break + retest above 122.3K → targets 123.8K
Bearish: Rejection from the zone → move back to 119.7K (previous day low)
⚖️ Bias: Neutral until breakout confirmation
Smart traders will wait for a liquidity sweep + confirmation candle before committing. Stay patient — volatility incoming.
This zone will likely determine the next major intraday move.
Market Outlook:
📊 Previous Day High: 123,841 – acts as upside liquidity target
🟨 Key Zone: 121.7K–122.3K (potential reaction area)
🧠 Scenarios:
Bullish: Clean break + retest above 122.3K → targets 123.8K
Bearish: Rejection from the zone → move back to 119.7K (previous day low)
⚖️ Bias: Neutral until breakout confirmation
Smart traders will wait for a liquidity sweep + confirmation candle before committing. Stay patient — volatility incoming.
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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.
Here is my Telegram channel user name you can Join for Free Analysis and signals t.me/XAUTraderSidS
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.