Bitcoin has a bullish structure on both the daily and the 4-hour chart. The retracement to $27.2k collected liquidity and the bulls have since driven prices to $27.6k.
The H4 bullish breaker block at $27.2k was respected as support so far. Given the daily structure, a consolidation around the
27K region over the weekend before another leg higher was possible. The OBV has inched higher over the past week, showing the bulls had a slight advantage
Entry: $27.4k (another revisit to27K or lower was possible)
Take-Profit: $29.6k (local resistance on the 1-day chart)
Invalidation: $26.6k (a move below the bullish breaker block)
The H4 bullish breaker block at $27.2k was respected as support so far. Given the daily structure, a consolidation around the
27K region over the weekend before another leg higher was possible. The OBV has inched higher over the past week, showing the bulls had a slight advantageEntry: $27.4k (another revisit to
27K or lower was possible)Take-Profit: $29.6k (local resistance on the 1-day chart)
Invalidation: $26.6k (a move below the bullish breaker block)
노트
We saw a retracement to $27.4k on Monday, and it remains to be seen whether the bulls can drive a recovery노트
idea invalidated as BTC fell below the H4 bullish breaker, could be time to look for shorting opportunities for BTC or especially for weak altcoins
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