BTCUSDT price after rejected from the key resistance area now moving around some significant support area, Now interestingly there is some effort by the bulls and they are trying to show their hands also, So if they consume that selling pressure we could see positivity in upcoming sessions. Fundamentally there is nothing much trigger other than today's NFP data.
Expect the price above buy side liquidity area, in the mid-term perspective i see it coming around 64k where we have an imbalance fill on h4.
Price filled and rejected 50% of h4 imbalance, i have my stops on breakeven. RISK FREE !
What do you think ? Comment below..
1hr notes:
*BTC is currently on a downtrend on the 1hr (short-term sell pressure)
*Clean Head and shoulder pattern (sell)
4hr notes:
*BTC is currently in a downtrend of the 4hr
*BTC clearly broke down below the triangle
*Currently sitting at the bottom of the 4hr breakout zone
Daily notes:
*HUGE Head and shoulder pattern!! TARGET: 20,000
*HUGE bearish pennant...
