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The Buzzing Bee
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🚨 BTCUSDT Update 🚨 The structure on the daily timeframe still isn't convincingly bullish for me because of 2 reasons specifically : 1. Retesting the support immediately after a failed breakdown is generally a sign of weakness 2. The structure still consists of a bunch of lower highs with the last range reclaim finding resistance from 50 EMA . For Bullish confirmation , I would like to see strength above at least $65.5k which will be a higher high breaking the bearish market structure on the daily timeframe OR conservatively speaking , above $67k which will be a range midpoint reclaim along with the break in bearish market structure .

🚨 BTCUSDT Update 🚨

The structure on the daily timeframe still isn't convincingly bullish for me because of 2 reasons specifically :

1. Retesting the support immediately after a failed breakdown is generally a sign of weakness

2. The structure still consists of a bunch of lower highs with the last range reclaim finding resistance from 50 EMA .

For Bullish confirmation , I would like to see strength above at least $65.5k which will be a higher high breaking the bearish market structure on the daily timeframe OR conservatively speaking , above $67k which will be a range midpoint reclaim along with the break in bearish market structure .

إخلاء المسؤولية: تتضمن آراء أطراف خارجية. ليست نصيحةً مالية. يُمكن أن تحتوي على مُحتوى مُمول. اطلع على الشروط والأحكام.
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