CryptoForLifeee

BTC Update - 06.01.2024 / 4 setups in one time

BINANCE:BTCUSDT   Bitcoin / TetherUS
I don't see situations in the market at the moment, but the picture on bitcoin is very interesting, I see several situations for entry on it.

1 hour chart: almost filled the 4 hour imbalance and accumulated liquidity on both sides, from which I would watch the reaction.

Long POI:
- Compression (41920): in the moment would watch the performance of the off on the ltf and decide to enter.
- Key low (40333): here I would also wait for the Long order flop on ltf to nucleate and then take a position.

Short POI:
- Equal highs + FF (44840.8): everything is the same only shorted.
- Key High (45950): I would be careful with this zone of interest, I would take a position only if the structure breaks at 30m and above.

Not a financial advice, always observe the risks and watch the reaction in the points of interest and only then make your entry into the position!
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.