GM. BTC is still KING.
Tagged just under 106K, now compressing post-impulse. Price left behind a clean gap:
Upper: $100,688
Lower: $97,700
That imbalance is the immediate battleground. If we lose the $100,688 upper bound, we likely fill the gap—but that’s not inherently bearish. If price reclaims stability within that zone and builds—that suggests a tighter HTF range forming, anchored around prior demand.
However—if that zone fails outright, and we lose $97,700 with authority, it implies a broader reversion toward the prior consolidation block between:
$94,118 – $93,538
Backstopped by $91,631.5 at the base of the last valid demand.
That reversion would signal a full retrace of the prior breakout, resetting the trend to neutral and putting buyers on the defensive.
BTC.D still soft but undecided. ALTS aren’t leading—they’re watching. Total3 hasn’t reclaimed its breakout line.
For now, this is pure structure:
Hold inside the gap → bulls control tighter range.
Lose the gap → we revisit the base.
Price decides. We react. No guessing—just tape and structure.
Tagged just under 106K, now compressing post-impulse. Price left behind a clean gap:
Upper: $100,688
Lower: $97,700
That imbalance is the immediate battleground. If we lose the $100,688 upper bound, we likely fill the gap—but that’s not inherently bearish. If price reclaims stability within that zone and builds—that suggests a tighter HTF range forming, anchored around prior demand.
However—if that zone fails outright, and we lose $97,700 with authority, it implies a broader reversion toward the prior consolidation block between:
$94,118 – $93,538
Backstopped by $91,631.5 at the base of the last valid demand.
That reversion would signal a full retrace of the prior breakout, resetting the trend to neutral and putting buyers on the defensive.
BTC.D still soft but undecided. ALTS aren’t leading—they’re watching. Total3 hasn’t reclaimed its breakout line.
For now, this is pure structure:
Hold inside the gap → bulls control tighter range.
Lose the gap → we revisit the base.
Price decides. We react. No guessing—just tape and structure.
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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.