Bitcoin consolidating, potential 4h gap fil?
This chart shows Bitcoin (BTC/USD) on a 4-hour timeframe, currently consolidating within a 4-hour imbalance (gap) zone. The price appears to be ranging in this area, potentially building liquidity before making a decisive move.
The projected path in purple suggests that Bitcoin might first move upward to fill the higher 4-hour gap, seeking liquidity in that region. Once liquidity is grabbed, a reversal to the downside is anticipated, implying a bearish continuation after mitigating the inefficiency above.
Traders might be watching for signs of rejection in the upper gap before confirming bearish momentum. However, if the price breaks through the higher gap with strength, it could invalidate the bearish scenario.
The projected path in purple suggests that Bitcoin might first move upward to fill the higher 4-hour gap, seeking liquidity in that region. Once liquidity is grabbed, a reversal to the downside is anticipated, implying a bearish continuation after mitigating the inefficiency above.
Traders might be watching for signs of rejection in the upper gap before confirming bearish momentum. However, if the price breaks through the higher gap with strength, it could invalidate the bearish scenario.
Note
Bitcoin is still consolidating in the 4H gap, trading is a waiting game ⏰Transaction en cours
Still looking bearish for Bitcoin, still consolidating a bit and waiting for the next move.
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Sharing free info to help traders develop and refine their strategies.💡
Follow me for:
market updates 📊
indicators 🔍
Experienced trader with 6 years of expertise in financial markets. 💼
Sharing free info to help traders develop and refine their strategies.💡
Follow me for:
market updates 📊
indicators 🔍
Sharing free info to help traders develop and refine their strategies.💡
Follow me for:
market updates 📊
indicators 🔍
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