$BTC HTF Update
- Monthly: We have a huge supply above this FVG which will act as huge resistance. Currently btc has started going up above this 50EMA and we have also 20EMA in the supply zone as a confluence (but wait for monthly close before making any bias on EMAs).
Not shorting anything curently just sitting sideline and letting market to develop some structure.
Dont feel FOMO if you were not in longs market always gives another opportunity
$BTC LTF analysis
- 70650-71800 should act as a first trouble area for btc. we have some supply, YVWAP and the volume profile HVN(high volume node) which i have marked from ATH to current yearly low.
- USDT.D is at its OB on daily TF which also a good confluence
Overall HTF bias is still bullish but shorting here blindly is not good we have to look for weakness.
Market structure wise we have a LH around 82-83k something for changing bias i want btc to close above 82k in weekly then we go bullish.
$BTC HTF Update
- Monthly: We have a huge supply above this FVG which will act as huge resistance. Currently btc has started going up above this 50EMA and we have also 20EMA in the supply zone as a confluence (but wait for monthly close before making any bias on EMAs).
- Daily: On daily we have this last buying move before sell which should act as a huge resistance zone for btc and as you can see 200 daily EMA last time from which btc rejected heavily.