BINANCE:BTCUSDT Hello everyone 😃 Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it !
#BTC has pulled back from the major 4H's support zone and now it's moving above the breaker line. It's formed a bullish order block on 2H's chart below the breaker line and it just retest it on current candle. The main idea will be a pullback from this support and break above the S/R line. But there'll be a chance for bears to reject the pair below the zone and dump it to 4H's support zone !
- The movement will be bullish till the rejection happen and #BTC close 3 candles below the support zone. In that case, Pair will drop to the 4H's support zone to retest the EMA200 and Current beginning master candle ( We may experience a candle's wick in $57095.82 - $59453.75 area ). 🔴 Also Bears can lead the pair below the 4H's support zone and dump it till 54K's support zone... ( The trigger will be the same as higher rejection ).
📊 Now bias is bullish and we are looking for a retest on S/R line or a breakout above it. - If #BTC take hold above the S/R line, Then we'll experience another leg up to ATH's resistance and it'll be the 2nd attempt to break above it. Based on 3rd breakout rule, There's low possibility for #BTC to break above the ATH's resistance on the next attempt, But if it happens then you can enter on a retest on the broken ATH and hold it till 70K's FIB extension target or 74K's main target.
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