$BTC After sweeping the low at $60.7k, price pushed higher into a local resistance level.



This was followed by a short-term pullback before buyers stepped back in once again, pushing price back into that area.

BTC has now printed both a higher low and a higher high, flipping short-term structure bullish.

If we get a confirmed close above $62.9k, a sweep of the equal highs at $64.3k becomes increasingly likely.

In case of another rejection, however, focus shifts back towards the $60.6k-$61.1k region, where price has bounced several times over the past two days.

Considering both market structure and liquidity, I currently favor a sweep of the equal highs before we see a potential reversal.
BTC3.54%
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 11
  • Repost
  • Share
Comment
Add a comment
Add a comment
SudoSmiles
· 1h ago
Already ambushed at 62.5k, add positions on breakout, cut losses on breakdown.
View OriginalReply0
AutumnSlopeCabin
· 1h ago
Short-term structure shifts upward, but the major level remains oscillating.
View OriginalReply0
PunkRiskMgr
· 1h ago
62.9k closing, the station is unstable, it's just a scam to hook up
View OriginalReply0
SlothSignal
· 1h ago
Bought spot near 61k, partial take profit at 64k
View OriginalReply0
OldBlackVelvetKey
· 1h ago
Pullback is too shallow; bullish momentum is questionable.
View OriginalReply0
BlackBullion_Alpha
· 2h ago
Bull Run 🐂
Reply0
BlackBullion_Alpha
· 2h ago
HODL Tight 💪
Reply0
L2Sprinter
· 2h ago
This analysis is on point, considering both structure and liquidity dimensions.
View OriginalReply0
MirrorBallGazingAtTheSky
· 2h ago
The 60.7k low point was swept nicely, the manipulator's technique
View OriginalReply0
NftsOutsideTheTidalLine
· 2h ago
Look at how the US stock market is doing tonight; the correlation is quite obvious.
View OriginalReply0
View More
  • Pinned