Bitcoin is currently trading within a discounted range following a corrective move, with price reacting around prior demand zones. I’m looking for long opportunities from the lower buy areas highlighted, where liquidity has been taken and market structure suggests a potential reversal.
The expectation is for price to form a base and expand higher into the mid-range, with an initial move toward the sell zone and possible continuation into the upper liquidity and take-profit area.
Trade Plan
• Bias: Long
• Entry Zone: Lower buy zones as marked
• Stop Loss 1: 84,500
• Stop Loss 2: H4 swing low
• Targets: Mid-range sell zone, then higher resistance / liquidity area
Execution is preferred with lower-timeframe confirmation. A clean break and close below the H4 low would invalidate the long idea.
