Bitcoin is currently hugging the range high. We grabbed liquidity above 50500 a few days ago, then closed back in the range. For me, a warning signal to keep an eye on. Price will now have to break above the range and close to continue the bullish price action. Should this not happen, I expect a bearish scenario and that is that we will take liquidity to the downside. In which we will drop first towards 4H demand and then to range low.
The latter depends purely on whether we break range high and can close above here.
The latter depends purely on whether we break range high and can close above here.
註釋
Bullish scenario activated. Price breaks and closes above range high
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