@Trader_XO At the time of the trade, how do you identify the difference between another supply zone sweep (in this example the second attempt) above the POC vs a genuine reclaim of the level? It's something I consistently struggle to judge in the moment.
USDT.D wicks into historic highs with a hefty retrace as BTC bottoms and gives a relief rally of 20% from the lows.
Will be an interesting weekly close...
USDT.D trading into the same level that started the bull market back in October '23.
Resistance/rejection here means BTC bounces at least in the short term.
A rejection and move lower into the grey midzone to give BTC some relief, target would be ~$81,000 IMO
ETH/USD 4H Rangebound
Aprouching 1 month of Eth in the rangebound environment between $4000-$4800.
Setup repeating after breakout from downtrend. Hitting midpoint as BTC battles with HTF key level at $112,000.
Should ETH flip midpoint & accept above, range high is the target.
#BTC going into #FOMC
Bullish scenario is a bounce off the previous weeks low, with a positive FOMC.
Bearish scenario is maintaining the LTF downtrend towards range low at $100,500. Mondays low providing zero support shows the momentum is strong.