After months of lower lows and lower highs, Bitcoin has finally broken structure by pushing above the previous lower high, officially forming a new higher high (HH). This is an early sign of a potential trend reversal back into bullish territory.
However, before momentum continues upward, a healthy retracement could occur. The key level to watch is the support zone around $91,200. If price pulls back and forms a higher low (HL) here or slightly lower around the $88,700–$87,500 zone, it would confirm the bullish structure and potentially kickstart the next leg up.
Patience is key here — let the higher low form before looking for long setups.
However, before momentum continues upward, a healthy retracement could occur. The key level to watch is the support zone around $91,200. If price pulls back and forms a higher low (HL) here or slightly lower around the $88,700–$87,500 zone, it would confirm the bullish structure and potentially kickstart the next leg up.
Patience is key here — let the higher low form before looking for long setups.
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.