BTCUSDT: Short-Term Analysis for 19/11/2024

Disclaimer: This analysis is for informational purposes only and should not be considered as investment advice. Cryptocurrency markets are highly volatile, and prices can fluctuate rapidly. Always consult multiple sources and conduct thorough research before making trading decisions.


Time Frame: 1-hour

Market Analysis Update
Following our previous analysis, my assessment remains unchanged. The Daily Point of Control (POC) at 91,104.0 has successfully acted as a strong support level, confirming bullish sentiment. The price action is forming symmetrical triangles, I am anticipating the pullback to reach the Volume Profile's Lower Value Area (LVA) between 91,097.00 and 90,737.0 before upward momentum resumes.


Trading Bias:
Bullish

previous analysis: https://www.tradingview.com/chart/BTCUSDT.P/9dIQGi7K-BTCUSDT-Short-Term-Analysis-for-19-11-2024/

https://www.tradingview.com/x/Wm9LLhc2/