$BTC is holding key ~$94,630 support.



Yesterday, Bitcoin retraced and swept the ~$94,630 low, which is also the H4 key level to hold.

We're now entering weekend liquidity, so I guess we'll range in between these levels until Sunday evening/Monday.

For longs, I'm looking to hold the low and break market structure by gaining ~$95,820. When this happens, longs are triggered towards the ~$97,960 monthly high.

I'm targeting higher prices when this happens, so I'll not close my entire position at the monthly high. I'll probably let 30%-40% run.

Best case scenario we sweep weekend liquidity and break market structure on Monday/Tuesday.

If we lose the ~$94,630 low on the H4 and break back in the previous range, we'll probably see lower lows pretty quickly.

So when the above happens, I'll look for shorts after confirmation on the retest.

Alerts are set, time to enjoy the weekend.#WeekendMarketAnalysis
BTC-0,42%
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)