Market Structure
BTC is still in a macro downtrend, continuously creating Lower Highs (LH) along the descending trendline.
Recent bounce from 87,766 formed a Higher Low (HL), but structure remains bearish until price closes above 93,080.
Key Levels
Resistance / Liquidity Above:
93,080 (Major LH + liquidity cluster)
98,888
107,473
116,380
Support / Liquidity Below:
87,766 (HL)
83,786
80,600
Pattern & Trend
Price is compressing inside a symmetrical triangle, between:
Descending trendline resistance
Ascending demand trendline
This signals a volatility expansion soon.
Indicators
RSI: 65 → bullish momentum but approaching overbought zone.
Previous bullish divergences have played out.
No fresh bearish divergence yet.
Volume
Impulse buying was strong, but volume faded near resistance.
This warns of a potential rejection unless a breakout happens with high volume.
Next Likely Move
BTC likely sees:
A pullback from the 93k resistance
Into the 90k–89.5k region
Then a decisive move based on trendline reaction.
Break above 93,080 = trend shift.
Break below 87,766 = continuation down.
High-Probability Long Setup
Condition: Breakout + retest of 93,080
Entry: 93,200–93,300 on successful retest
SL: 91,300
TP1: 98,888
TP2: 107,473
TP3: 116,380
RR: 2R to 7R
Confluence:
Break in structure, break in trendline, liquidity sweep, volume expansion.
High-Probability Short Setup
Condition: Rejection from descending trendline + 93k zone
Entry: 92,800–93,000
SL: 93,800 (above liquidity)
TP1: 90,000
TP2: 87,766
TP3: 83,786
TP4: 80,600
RR: 1.8R to 7R
Confluence:
Trendline resistance, LH zone, fading volume, liquidity above price.
Summary
BTC still bearish until 93,080 breaks.
Market in compression phase.
Large move coming soon.
Best setups:
Break-and-retest long above 93,080
Rejection short from 93,000
BTC is still in a macro downtrend, continuously creating Lower Highs (LH) along the descending trendline.
Recent bounce from 87,766 formed a Higher Low (HL), but structure remains bearish until price closes above 93,080.
Key Levels
Resistance / Liquidity Above:
93,080 (Major LH + liquidity cluster)
98,888
107,473
116,380
Support / Liquidity Below:
87,766 (HL)
83,786
80,600
Pattern & Trend
Price is compressing inside a symmetrical triangle, between:
Descending trendline resistance
Ascending demand trendline
This signals a volatility expansion soon.
Indicators
RSI: 65 → bullish momentum but approaching overbought zone.
Previous bullish divergences have played out.
No fresh bearish divergence yet.
Volume
Impulse buying was strong, but volume faded near resistance.
This warns of a potential rejection unless a breakout happens with high volume.
Next Likely Move
BTC likely sees:
A pullback from the 93k resistance
Into the 90k–89.5k region
Then a decisive move based on trendline reaction.
Break above 93,080 = trend shift.
Break below 87,766 = continuation down.
High-Probability Long Setup
Condition: Breakout + retest of 93,080
Entry: 93,200–93,300 on successful retest
SL: 91,300
TP1: 98,888
TP2: 107,473
TP3: 116,380
RR: 2R to 7R
Confluence:
Break in structure, break in trendline, liquidity sweep, volume expansion.
High-Probability Short Setup
Condition: Rejection from descending trendline + 93k zone
Entry: 92,800–93,000
SL: 93,800 (above liquidity)
TP1: 90,000
TP2: 87,766
TP3: 83,786
TP4: 80,600
RR: 1.8R to 7R
Confluence:
Trendline resistance, LH zone, fading volume, liquidity above price.
Summary
BTC still bearish until 93,080 breaks.
Market in compression phase.
Large move coming soon.
Best setups:
Break-and-retest long above 93,080
Rejection short from 93,000
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.
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.