BTCUSDT is currently hovering around a key Decision Point, following a structure shift marked by a clear Change of Character (CHoCH) on the 1H timeframe. After the recent bullish correction during the Tokyo session, price is retesting the previous supply zone, which will decide the next directional move.
If price rejects from the Decision Point, we can expect a bearish continuation targeting the lower liquidity area around the Target Zone. However, a strong breakout and sustained momentum above this level could signal bullish intent, shifting market structure upward.
This area serves as a crucial confirmation zone for either continuation to the downside or reversal toward higher highs.
If price rejects from the Decision Point, we can expect a bearish continuation targeting the lower liquidity area around the Target Zone. However, a strong breakout and sustained momentum above this level could signal bullish intent, shifting market structure upward.
This area serves as a crucial confirmation zone for either continuation to the downside or reversal toward higher highs.
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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.