Elise | BTCUSD – 30M – Post-Impulsive Drop Consolidation

Jan 30

BTCUSD
The sharp sell-off suggests institutional distribution followed by short-term stabilization. Current price action shows range-bound behavior after liquidity was taken on the downside. This consolidation may act as a base for either a corrective pullback into supply or continuation toward deeper demand.
Key Scenarios
✅ Bullish Case 🚀 →
A corrective pullback into the 84,800 – 85,500 supply zone may offer short-term upside before rejection.
🎯 Target 1: 85,400 – 85,600
❌ Bearish Case 📉 →
Failure to hold current consolidation with acceptance below 81,000 – 80,900 opens the path for continuation lower.
🎯 Downside Target: 80,000 – 79,500
Current Levels to Watch
Resistance 🔴: 84,800 – 85,500
Support 🟢: 81,000 – 80,900

⚠️ Disclaimer: This analysis is for educational purposes only. It is not financial advice.

Jan 31

Trade active

Feb 1

Trade closed: target reached