BTCUSD Price action on Bitcoin showed some early downside movement, but the stop was not breached. The market then continued upward from 109,600 to 112,000.
BTCUSD Candle has closed above the CE level of the weekly bearish fvg, and on the daily chart, a BPR has also formed below now the market can retrace down to that level and when it takes confirmations on the BPR, we may see a bounce from there leading the market upward toward the daily high.
BTCUSD BTC buy setup is active from 111650, indicating bullish momentum. The market is expected to push higher from this entry, with buyers targeting the next resistance zones. A stop loss can be placed just below the recent support to manage risk while holding for potential upside
BTCUSD BTC sell entry is active at 111650, suggesting bearish pressure in the market. The setup indicates potential downside movement, with sellers aiming to push price lower from this level. A stop loss can be managed just above the recent resistance zone to minimize risk, while holding for possible continuation towards the next support levels.